Interest calculation

A/c entries 667 views 3 replies

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  

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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