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Loan to partner

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2016 Dear Experts
Pls clarify weather a partnership firm can give the interest free loan to its partner as per income tax or not?

Regds
Sunil
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CA. Vinodh Kothari

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CA. Vinodh Kothari (Expert)
03 December 2016 You need to check the partnership deed regarding interest on loan to partners. If the partnership deed is silent then you can give.

VK

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