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Interest on loan less than bank rate

This query is : Resolved 
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(Querist)
30 May 2015 Dear All,

Can the loan be given to any company/firm/individual on less than bank rate?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 May 2015 it depends between lender and lendees agreement.
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shoeb parwaiz

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shoeb parwaiz (Querist)
30 May 2015 Dear Sir,

Thanks for your response.

I would like to know whether there is any rule of Income Tax.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 May 2015 no there is no such rules under present income tax act
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shoeb parwaiz

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shoeb parwaiz (Querist)
30 May 2015 Dear Sir,

Thank your very much.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 May 2015 you are welcome shoeb..............
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