Loans

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 August 2014 IS THERE ANY RESTRICTIONS IN INCOME TAX ON GIVING INTEREST FREE LOANS OUT OF ONE'S OWN FUND ?

Nikhil Kaushik (Expert)
Follow

23 August 2014 no there is no such restriction....as long you are using interest free funds to give interest free loans, it wont have any tax impact

CS,CA F,Numrologi TusharSampat (Expert)
Follow

09 September 2014 the ans is no....................................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess