Easy Office
LCI Learning

urgent- unsecured loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 March 2009 Can capital reduction be done in form of unsecured loan for purpose of conversion of partnership firm to private limited company?

How will reflect in tax structure and what is the limit of unsecured loans?

Please explain the tax breakup and the applicable procedure

Thanks in advance.
Profile Image

CA Tilak Raj Sharma

Profile Image

CA Tilak Raj Sharma (Expert)
23 March 2009 Only if those person waive off their claim for loan.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links