Loan To others
This query is : Resolved
22 December 2010
Dear All,
I wanna know that in Private Limited Company how much amount in cash can be given to any outsiders(any Company, Partnership firm or any individual) & director of the company as loan? Is there any provision of Interest on this loan?
Regards
Dear All,
I wanna know that in Private Limited Company how much amount in cash can be given to any outsiders(any Company, Partnership firm or any individual) & director of the company as loan? Is there any provision of Interest on this loan?
Regards
22 December 2010
as per income tax act, 1961 Rs.20000/-
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