What are the provisions as regards loans given to Directors & their relatives by a Pvt. Ltd. Co. as per Companies Act & as per Income Tax Act
Also details regarding the related provisions to the above in practical senario.
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Loans to directors & relatives by a pvt.ltd.com.
Replies (2)
See this link: https://pib.nic.in/archieve/lreleng/lyr2002/rfeb2002/18022002/r180220023.html
see section 2(22) e of IT Act that clear all ur confusion
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