Unsecured Loan
This query is : Open
31 March 2010
Hi everyone
If a X pvt. ltd. takes an unsecured loan [without interest]from another Y pvt. ltd. then...
Can X pvt. ltd. paid some amount by Cash ?
What is the procedure if x pvt. ltd. didn't pay unsecured loan till 31st march ?
Thanks in advance
cheers
Mukesh Kumar
Delhi
If a X pvt. ltd. takes an unsecured loan [without interest]from another Y pvt. ltd. then...
Can X pvt. ltd. paid some amount by Cash ?
What is the procedure if x pvt. ltd. didn't pay unsecured loan till 31st march ?
Thanks in advance
cheers
Mukesh Kumar
Delhi
31 March 2010
Yes X Ltd. can pay some amount by cash.(But should keep in mind Income tax provision.) There is no procedure if unsecured loan is pending on 31st March, you have to show it in Unsecured loan.
31 March 2010
Thanks for reply...
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