Hello Experts!
I'm new here, but love the helpfulness of the experts here! I have 2 questions:
1.
Suppose there is a Private Limited Company named ABC Pvt. Ltd. There are 2 directors (X and Y) in that company ABC. Can director X give unsecured/secured loan (using his own personal money) to director Y? If yes, what rate of interest should be used?
2.
If above private company ABC enters in to a 'partnership agreement' with another private company DEF, such that the newly formed partnership pays ABC a fixed amount of money per month resulting from the business of the partnership. Now, since the partnership has already paid TDS before transferring the fixed amount of money to ABC, will company ABC have to pay TDS again (possible double taxation?) on that amount?
Waiting for expert replies!
Best Regards,
RS
CAclubindia
