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.
Rs.20,000/- [Refer Section 269SS of Income Tax Act 1961]
Dear Agarwalji,
Thank you very much for your kind reply.
VNSS & Co
Mumbai
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Chirag N Shah & Associates
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VIKAS VERMA & CO
New Delhi
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CAclubindia
Pro
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