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Huge amount held
Hi Dear all plz give guide me .
My employer gave a loan to a pvt ltd co. saying as part of capital. About 3500000/- before 2 year ago. And keep on making trisections like giving a loan and receiving part of loan without any interest and tds . My Q. is , it is right to held this amount year to year or should be included in income .
Thanks in advance .
Replies (2)
how can you include in income its company liability hence you have to pay it….
It will be an asset for your employer and liability for the pvt ltd co. I believe there is a problem if your employer is not showing any income from that loan and I didn't get what you want to mean by "saying as part of capital"
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