Rate of interest charged on loan amount
This query is : Resolved
Kollipara Sundaraiah
(Querist)
06 July 2023
Sir,
Individual status it person cash loan received rs:20 lacs from assessess huf status.
Question:
Assessess rate of interest charged on loan amount.
Individual status it person cash loan received rs:20 lacs from assessess huf status.
Question:
Assessess rate of interest charged on loan amount.
Dhirajlal Rambhia
(Expert)
07 July 2023
HUF can give interest free loan to its individual members. Or it can disperse as per bank interest rate that may be decided by the members.
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