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PRIVATE LIMITED COMPANY GIVING LOAN OF ₹.50,00,000 TO AN INDIVIDUAL OUTSIDE THE ORGANIZATION

This query is : Resolved 
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(Querist)
12 August 2023 Sirs,

Can a Private Limited Comapny give loan of ₹.50 lacs to an individual outside the organisation and receive interest on that.

What will be the impact on income tax.

Thanks & Regards
Bharath
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RAJA P M

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RAJA P M (Expert)
16 August 2023 No, Pvt Co can't give loan to others...
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