Unsecured loan from director in cash

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Dear All,

                  Kindly help me to get answer to the following question.

What is the maximum amount of unsecured loan can a company take from its Director in CASH.

 And if the company is an One Person Company (OPC) then  What is the maximum amount of unsecured loan can a company take from its only Director in CASH.

Thank you all.

Replies (2)

Rs.20,000/- [Refer Section 269SS of Income Tax Act 1961]

 

Dear Agarwalji,

                          Thank you very much for your kind reply. 

 

 

 

 

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