Mutual amount exchage beteen the director and the pvt ltd co

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This query is : Resolved

Ramesh (Querist)

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.

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

Message likes : 1 times

Ramesh

Ramesh (Querist)

30 July 2012 could you please clarify me some more details of the sections etc. please

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

Ramesh

Ramesh (Querist)

30 July 2012 Dear Neha,

thank thank you.....for your clarifications.

kindest regards
Ramesh

Guest

Guest (Expert)

30 July 2012 You are welcome always.

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