Interest free unsecured loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 May 2012
can i received interest free unsecured loan from any individual and private limited companies in a proprietorship concern that's turnover under 44Ab from last two years from.
Please overcome this problem.
Please overcome this problem.
17 May 2012
Yes you can borrow the amount as unsecured loan. however, it should be ensured that the loan is NOT received in cash or repaid in cash if the amount exceeds Rs. 20,000/-.
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