Our pvt ltd company taken loan from sister concern pvt ltd company where directors & shareholder of both company are same with same shareholding pattern and company not paid dividend to shareholders so kindly suggest what is impact relate income tax & company law to shareholder as well as on company.
Also note on loan amount taken loan company paid interest also
In that case is any tax liability on company as well shareholder can get scrutiny chances from income tax.
CAclubindia
