if a private limited company cannot accept deposits from public, and if it is legal to pass this off as unsecured loans, what is unsecured loan, is tds applicable and what is the percentage of interest payable for a unsecured loan ?
13 December 2013
pvt co can accept unsecured loan or deposit from his shareholder and directors. and intt. rate can decided according to bank intt. rate.
if you fix lower side from bank you can safe side in income tax assessment.
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