Incometax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 February 2014
Dear Sir,
Can we give a loan without consideration as per income tax act?
Can we give a loan without consideration as per income tax act?
24 February 2014
loan is always without consideration except for an interest rate which can be ZERO percent too! make sure you create proper loan documents with repayment schedule..
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