Tax payment for Fy 19-20

This discussion addresses a common tax payment challenge for FY 19-20 where a private limited company lacks funds, but its sister proprietorship company has the necessary capital. The proposed solution involves the proprietor's company advancing a loan to the private limited company to cover the tax liability. Funds can be transferred from the proprietorship's current account to a savings account, and then to the private limited company's bank account, clearly documenting it as a loan receivable and payable.