PRABIR PAUL (*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.) (1443 Points)
04 May 20171) Can a Pvt. Ltd. Company give loan to Director?
2) Can a Pvt. Ltd. Company give loan to Partnership Firm?
Please explain easily...
rama krishnan
(12239 Points)
Replied 04 May 2017
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 05 May 2017
That means you want to say:-
1) If Pvt. Ltd. Company give loan to director then it will be treated as deemed dividend. In this case director will be liable to pay income tax on it?
2) If Pvt. Ltd. Company give loan to Partnership firm then it will be taxed in the hand of the Partner?
rama krishnan
(12239 Points)
Replied 05 May 2017
CAclubindia
