Director Lease out House to Company,
This query is : Resolved
29 February 2024
Can a Director lease out the house to The Company and live in the same house?? Rent/lease amount is as per market value only. The Company is closely held company and Director is the shareholder of the Company as well.
Can this arrangement be done? If there is any impact in Company's act also Kindly let me know?
Can this arrangement be done? If there is any impact in Company's act also Kindly let me know?
01 March 2024
Yes, the rental payment will be considered as perks in the hands of the director.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Not a CA , can we prepare balance sheet
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- Income Type for interest from government bonds
- Form 15CB filling clarification
- Invoice Numbers WROGLY ENTERED
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
