PGBP
This query is : Resolved
11 September 2010
whether cash payment exceeding Rs.20000 can be made by a company to another company as interest free loan.
will this payment covered under the section 40(1) for disallowance of payment exceeding Rs.20000
will this payment covered under the section 40(1) for disallowance of payment exceeding Rs.20000
11 September 2010
no problem is making interest free load exceeding Rs. 20000 u/s 40A(3), as it is not a expenses so no question of dis allowability arises but take care of section 2(22)(e) deemed dividend
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- Income Type for interest from government bonds
- FREELANCING ACCOUNTANT
- NR GST NUMBER
- Not a CA , can we prepare balance sheet
- For REQUIRE INDIVIDUAL GST
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
