Whether the company can accepts loan in cash from Director? Expert please clarify.
CA Suraj Prasad Shaw (Chartered Accountant) (504 Points)
19 December 2012Whether the company can accepts loan in cash from Director? Expert please clarify.
nayan
(article assistant)
(466 Points)
Replied 19 December 2012
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 19 December 2012
Refer to section 269SS and 269T. Loan in cash should not be accepted for value exceeding 20,000/-.
INDAZAR
(Articled Assistant)
(301 Points)
Replied 20 December 2012
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
