Easy Office
LCI Learning

SECTION 11(5) -> CAN TRUST TAKE LOAN ON FD

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 April 2022 IF CORPUS FUNDS ARE PUT IN FD, CAN TRUST TAKE AN OVERDRAFT ON THAT ?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
03 April 2022 No, drawing of loan against it amount to application of the fund not for the intended purpose.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links