Loan from a director is a related party transaction under section 188?
Loan from a director is a related party transaction under section 188?
BIBIN P B (Tax practitioner) (99 Points)
16 August 2016
Harajeet
(Accountant)
(22 Points)
Replied 08 September 2016
Respected Sir,
I want to know If I am a proprietor of two business firm & I have taken a loan from a person in one business firm
So Could I repay the Loan by cheque from Other business firm.
Sir Please reply...
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