Dear Sir,
We have provide a loan to my company to sister concirne company so what is the percentge of this loan amount?
Regards,
Priyanshu
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Interest calculation
Replies (3)
SHOULD NOT BE LESS THAN MARKET RATE OF INTEREST,THOUGH ITS A PERSONAL MAtter,but for income tax purpose better for go with market rate(usually sbi rate)
SHOULD NOT BE LESS THAN MARKET RATE OF INTEREST,THOUGH ITS A PERSONAL MAtter,but for income tax purpose better for go with market rate(usually sbi rate)
Remain between 9% to 10%.
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