Employee loan
This query is : Resolved
17 June 2015
DEAR SIR
WE ARE PVT LTD CO. IN JANUARY 2015 WE HAVE GIVEN LOAN OF RS 200000 TO OUR EMPLOYEE. NOW HE IS RETURNING LOAN AMOUNT IN CASH RS 200000 IN ONE INSTALLMENT. CAN WE RECD RS 200000 IN CASH FROM HIM AS LOAN RECOVERY. CAN WE DEPOSIT THIS AMOUNT IN OUR CURRENT ACCOUNT.
THANKS & REGARDS
VIPIN KUMAR SHARMA
WE ARE PVT LTD CO. IN JANUARY 2015 WE HAVE GIVEN LOAN OF RS 200000 TO OUR EMPLOYEE. NOW HE IS RETURNING LOAN AMOUNT IN CASH RS 200000 IN ONE INSTALLMENT. CAN WE RECD RS 200000 IN CASH FROM HIM AS LOAN RECOVERY. CAN WE DEPOSIT THIS AMOUNT IN OUR CURRENT ACCOUNT.
THANKS & REGARDS
VIPIN KUMAR SHARMA
17 June 2015
it wil b a violation of 269ss and TT dear...
So check the section
So check the section
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