Interest free loan
This query is : Resolved
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?
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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