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Interest on loan

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84 Points Posted on 13 December 2020
i have two firm, both are under same proprietor,
i have unsecured loan in firm 2
can i pay interest on unsecured loan from firm 1
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On 13 December 2020 at 20:01 Report
Replies (3)
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Tax consultant
5895 Points Posted on 13 December 2020
Yes as per me you can
but just maintain proper books of account regarding this for future calculation and reporting
57 Reply
On 13 December 2020 at 20:32
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Accountant
3662 Points Posted on 13 December 2020
You can pay through capital account adjustment s
9 Reply
On 13 December 2020 at 22:59
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84 Points Posted on 14 December 2020
Thanks
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On 14 December 2020 at 18:09


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