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
Menu
loan in the name of director of company
Replies (1)
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
Recent Topic
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
Related Topics
CAclubindia
