respected members,
please update me considering the fact of "deposit given by comnpany to director against security of land"..???
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 16 November 2011
It will be considered as loan to director and section 295 has to comply.
However, if you do not want to show it as a loan there possible recorses are also available.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)