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    Disclosure required in CARO 2020

    Posted By : SHALU / Published on : 30-May-2023 12:12 PM / View : 146 / Comment : 0

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    If director having a huge debit balance in their imprest account how we treat them at time of finalization of financial statements.

    If It is loans and advances only, can attract section 185 & 186 of companies act as well as 2(22)(e) of the income tax act to the tune of accumulated reserves.

    Disclosure required in CARO 2020 if applicable.
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