Loan & advance by closely held company to director but does not have accumualted profit, here is accumulated losses, whether loan amount charged to income tax as per section 2(22)(e) ?
Sukhveer Singh (128 Points)
27 January 2017Loan & advance by closely held company to director but does not have accumualted profit, here is accumulated losses, whether loan amount charged to income tax as per section 2(22)(e) ?
Pranay Tahiliani
(6 Points)
Replied 28 January 2017
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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