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Taxability of loan waived off
what's the taxability in the hands of company if Co owes Rs x to the director and the director waives off the loan on closure, will it attract tax?
Replies (1)
I thing , it is chargeable u/h IFOS,
&. the company need to show the directors details in tax audit report with his PAN.
&. the company need to show the directors details in tax audit report with his PAN.
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