Easy Office
LCI Learning

Cash infusion by Director in a Pvt Ltd co

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 June 2011 Is there any limit or any provision/procedure subject to which cash can be infused by a director in a private limited company??
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
02 June 2011 Rs. 20,000/- can be received in cash only.
Profile Image

sanath

Profile Image

sanath (Querist)
02 June 2011 Can you elaborate aditya?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
02 June 2011 If amount received more than Rs. 20,000/- then provisions of section 269SS & 269T of Income Tax apply which restrict the amount to be received in excess of this amount.

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


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links