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.