Rate of interest on unsecured loans

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j.b.sheth (Querist)
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06 April 2012 WHAT IS THE MAXIMUM ALLOWABLE RATE OF INTEREST ON UNSECURED LOANS ALLOWABLE UNDER INCOME TAX?

Vivek Mehta (CA, DISA,CS, MBA) (Expert)
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06 April 2012 There is no limit on the same but one need to take precautions that the intrest paid is not unreasonable.

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CA. Krishna K Neeraj (Expert)
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06 April 2012 Agreed with expert

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