interest free loan
JERIT JOSE (24 Points)
10 December 2018
taxability of intetest free loan to relative and non-relative
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193771 Points)
Replied 10 December 2018
At discretion of assessing officer....
Z
(Tax Consultation (US and India))
(2965 Points)
Replied 10 December 2018
It is also possible that no tax liability to arise by reason of interest-free loan(s). If the transaction does not arise due to any malafide intent and is genuine, then there shall be no treatment of such notional interest.
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