Cash loan
This query is : Resolved
20 June 2015
sir . we have available cash in bs is rs. 7 lakh . but we normally shows very low profit about 65000 . now i want to give rs. 5 lakh to my real brother . sir kya mere ko loan dena chahiye ya gift dena chahiye. if i will give loan is it mandetory to charge some interest & i want to what should be mode of payment of loan.
21 June 2015
You can give gift or interest free loan to your brother. The mode of payment should be through cheque or bank transfer.
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