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Loan from partnership firm

SOURAV SAMANTA (86 Points)

05 February 2019

Dear sir, Can partnership firm gives loan to pvt ltd. company ? pls reply

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4 Replies

Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 06 February 2019

yes it can give. if the firm is related party to the Pvt co and provisions of payment to relatives as per income tax shud be adhered

Madhu Reddy (12 Points)
Replied 06 February 2019

company should not accept any monies from any outside other than by way of deposits from public and others sources as per sec 67 and rules prescribed there under

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SOURAV SAMANTA (86 Points)
Replied 06 February 2019

ok thank you sir

George (Hi) (22 Points)
Replied 10 February 2019

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