CA Day celebration 2024 Easy Office
LCI Learning

Interest free loan given to related company

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 March 2013 A pvt ltd company gave interest free loan to another company in which director has substantial interest.What are the tax implication.
Profile Image

CA Chirag Haraniya

Profile Image

CA Chirag Haraniya (Expert)
22 March 2013 No there will not be any tax implication till when both company falls under same tax bracket... Just be sure proper Resolution is taken or not...

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


CA Day celebration 2024 with Tally CCI Pro

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