Interest on loan less than bank rate

This query is : Resolved 

30 May 2015 Dear All,

Can the loan be given to any company/firm/individual on less than bank rate?


30 May 2015 it depends between lender and lendees agreement.

30 May 2015 Dear Sir,

Thanks for your response.

I would like to know whether there is any rule of Income Tax.

30 May 2015 no there is no such rules under present income tax act

30 May 2015 Dear Sir,

Thank your very much.

30 May 2015 you are welcome shoeb..............


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