Unsec loan

A/c entries 648 views 1 replies

is intercompany transaction permitted?

can we show it as unsec loan?

for what period?

Replies (1)

intercompany transactions are permitted, you only need to verify whether the contracts/ transactions take place at the prevailing market rates, so that no related party is taking undue advantage on your company, of the same.

if you are treating it as unsecured loan from related party, show it in balance sheet as follows:-

"Unsecured Loans:-

Unsecured loan (comprises of loan from directors and shareholders and ICDs)"

[ICD means intercorporate deposits]

as far I know, no restriction on period is there.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details