can a charitable trust take unsecured loan from trustee
This query is : Resolved
30 August 2008
can a charitable trust take a secured or unsecured loan from its managing trustee or trustee as per trust act or income tax act. pl answer this question most urgent.
Late CA Sampat Jain
(Expert)
31 August 2008
THERE IS NO BAR
RATE OF INTEREST SHOULD NOT BE EXCEEDING FAIR MARKET RATE
RATE OF INTEREST SHOULD NOT BE EXCEEDING FAIR MARKET RATE
CA. Anoop Gadia
(Expert)
21 July 2010
yes they can and cant be take interest higer than other unsecured loans in trust.
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