Interest free business loan

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2 Points Posted on 22 March 2018
Can I give interest free business loan to my brother without any tax implications?
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On 22 March 2018 at 10:53 Report
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SEO Sai Gr. Hosp.
212503 Points Posted on 22 March 2018

Yes you can, but deemed interest may be added to your taxable income.....

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On 22 March 2018 at 13:09
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MBA finance
37 Points Posted on 28 September 2018

Dhirajlal is right, but you can also ask your brother to apply for working capital loan. The tax authorities will allow tax benefits to companies that have availed business loan for various purposes, such as working capital, inventory and equipment.

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On 28 September 2018 at 11:26

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