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Unsecured loan with no interest

This query is : Resolved 
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(Querist)
06 February 2025 a person whose turnover is more than 2cr has taken a unsecured loan.
Is it necessary to give interest on that loan.
if not paid any consequenses.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 February 2025 Not necessary to pay interest on such loan.
No consequences.
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