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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Interest on loan
Replies (3)
Quick Summary
Yes as per me you can
but just maintain proper books of account regarding this for future calculation and reporting
but just maintain proper books of account regarding this for future calculation and reporting
You can pay through capital account adjustment s
Thanks
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