Mutual amount exchage beteen the director and the pvt ltd co
This query is : Resolved
24 July 2012
Dear All,
could you please clarify me, if the mutual transfer of amount between the director and the pvt ltd company liable for any interest ?
or can we transfer any number of times the amount between the director to the company and company to the director without effecting the interest or TDS or any other provisions ?
regards
Ramesh.
could you please clarify me, if the mutual transfer of amount between the director and the pvt ltd company liable for any interest ?
or can we transfer any number of times the amount between the director to the company and company to the director without effecting the interest or TDS or any other provisions ?
regards
Ramesh.
Guest
Guest
(Expert)
27 July 2012
There is no compulsion to provide interest and deduct TDS on loan between company and director. It can be interest free.
With Regards
With Regards
Message likes :
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30 July 2012
could you please clarify me some more details of the sections etc. please
thank you
Ramesh
9177606488
thank you
Ramesh
9177606488
Guest
Guest
(Expert)
30 July 2012
Dear Ramesh,
There is no section which makes it compulsory to provide interest in case of loan transaction between company and director.
Regards
There is no section which makes it compulsory to provide interest in case of loan transaction between company and director.
Regards
30 July 2012
Dear Neha,
thank thank you.....for your clarifications.
kindest regards
Ramesh
thank thank you.....for your clarifications.
kindest regards
Ramesh
Guest
Guest
(Expert)
30 July 2012
You are welcome always.
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