This article includes the following key pointers:
- Introduction
- Companies Act 2013
- Section 185(1) of Companies Act 2013
- Section 185(2) of Companies Act 2013
3. Penalty for non-compliance [Section 185(4)]
4. Non-Applicability
5. Income Tax Act, 1961
- Section 2(22)(e ) of the Income Tax Act, 1961
Read more at: https://taxguru.in/company-law/loan-director-related-persons-legal-compliance-tax-implications.html
