Loan given to relative from business or from capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 November 2011
A given a loan of Rs. 200000 to his son/daughter from business. what interest rate he has to charge on loan. can he give interest free to his son/daughter from business. is it complusory to charge interest on loan or not.
03 November 2011
Please mention is this a Company and the position of the A Director or Proprietor.
In case of Individual he can give interest free loan.
In case of Individual he can give interest free loan.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 November 2011
yes this is individual
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