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Treatment of taking loan

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(Querist)
08 September 2014 If the director of company has taken loan from a company and has return money after 3 months is the deffered interest taxable or what??
What is the treatment of this procedure.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
08 September 2014 director.can.not takr.loan from copany. Its voilation ofbsec-188

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