Interest free loan

Others 267 views 3 replies
I am running a proprietary concern.can I give interest free loan to a proprietary concern run by my brother.
Replies (3)
Yes u have absolute liberty to conduct ur business and ur life in the way u like.
for taxation one thing has to be kept in mind that u should not be claiming unecessary expenses which are not allocatable for ur business earnings.
if u have taken a loan from bank on interest and u further lend the same money to ur brother for no interest. then u arebineligible to claim that bank interest expense against ur business profits.

if u r lending out of ur personal capital then apparently there isnt any issue
Yes you can give loan to your brother's proprietory concern. Provided you should have given loan from your surplus money and not re-financed.
Today is your first day on Forum
What for you have joined Sir
This is the forum for your advertisement and better you shift to another Ad type Forum.

This is not right place for you.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details