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Interest free loan

This query is : Resolved 
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(Querist)
03 August 2015 Are there any legal consequences from Income tax perspective if member gives interest free loan to HUF? What if interest free loan is given to wife?
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
04 August 2015 There is no rax consequences if laon given to relative withn definition of relative iven under section 56(2)(vii) with or without interest doesn't matte...
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