Interest paid to company director father

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This discussion addresses whether a private limited company can receive a loan from a director's father. It also clarifies the tax implications, specifically if Tax Deducted at Source (TDS) is required when paying interest to the father, and whether this interest can be claimed as a business expense. The general consensus is that all these actions are permissible.

Murali krishnan

Murali krishnan (Querist)
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28 December 2023 i am director of a private limited company i borrowed money from my father as a loan we agreed for 2% interest per month for loan amount
my question is:
1)can director father give loan to company?
2) is TDS need to deduct if company pay interest to DIRECTOR father
3) can company show interest paid to director father AS EXPANSES?