Loan to partner
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 December 2016
Dear Experts
Pls clarify weather a partnership firm can give the interest free loan to its partner as per income tax or not?
Regds
Sunil
Pls clarify weather a partnership firm can give the interest free loan to its partner as per income tax or not?
Regds
Sunil
CA. Vinodh Kothari
(Expert)
03 December 2016
You need to check the partnership deed regarding interest on loan to partners. If the partnership deed is silent then you can give.
VK
VK
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