Borrow loan
can we borrow loan without interst from our relatives
Replies (3)
Yes You Can Borrow Loan From Your Relative Without Interest. Just Once See The Defination of Relative As Per Income Tax Act
Agree with Mahul
You can take any amount as loan without paying interest from relative.
Clubbing provision also not apply in loan cases.....
Kindly refer the case of Shah Rukh Khan (King Khan), a famous actor of Bollywood, had given a loan of Rs. 2,28,88,530.00 to his wife Gauri Khan in A.Y. 2006-07. (Wealth Tax)
Recent Topics :
- Bill-to-ship-to material at client site, project c
- Export previously now to be considered domestic sa
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
Related Topics :
CAclubindia
