Hello,
Daily Cash exps limit of Rs. 10000/- apply for loan given to director in cash..
MILAN B. SHAH (consultant) (152 Points)
28 July 2018
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 28 July 2018
MILAN B. SHAH
(consultant)
(152 Points)
Replied 28 July 2018
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 30 July 2018
divya jain
(6 Points)
Replied 01 August 2018
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 01 August 2018
Manish Ghiria
(CA )
(42 Points)
Replied 04 September 2018
The provision specifies limits only for expense(Payments). Loan given to director in never an expense.
However, provision of deemed dividend may attract if conditions are fulfilled.
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