Grouping name require

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

27 November 2014 Dear Sir ,

As our director Home Loan EMI amount ECS Cleared from our C/A Account .

So kindly provide me information under Which Group I Will park this Home Loan EMI Payment

Kindly Explain....

CA Devanand Jethanandani

CA Devanand Jethanandani (Expert)
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27 November 2014 As it is not expense/liability of company it will be debited to the account of director, to be recovered from him.

Thanks.

Rupesh Jain

Rupesh Jain (Expert)
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28 November 2014 PLS DO MAKE THIS TYPE OF ENTRY THROUGH COMPANY A/C OTHERWISE YOU HAVE TO DEDUCT THE TDS @ 20% ON TRANSACTION AMOUNT UNDER 2(22)(e) OF INCOME TAX

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