DEar Friends
LOAn taken in the name of director of the company & used for company purpoose can it be shown in company. Any statutory provisions affecting it under IT Act or Companies Act
DEar Friends
LOAn taken in the name of director of the company & used for company purpoose can it be shown in company. Any statutory provisions affecting it under IT Act or Companies Act
loan taken in the name of the company adn used for company business. That means bank has given loan to director and director has given loan to the company. These two are separate transaction and to be entered separately. Provision of IT Act and Companies Act will be applicable as if the transactions are different
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
CAclubindia
