Interest on unsecured loan

actually there is no compulsion but no 1 can give the loan interest free.so AO can raise the question for it.so its better to provide interest.

ACTUALLY IT DEPENDS ON ASSESSEE.

IF IT IS A COMPANY THEN, IT IS MUST TO PROVIDE FOR INTEREST, [INDIRECTLY]...

IF IT IS A NON CORPORATE ASSESSEE THEN IT DEPENDS ON YOUR COMFORT LEVEL... AND OTHER TRANSACTIONS.

IN SHORT IT IS SITUATIONAL ISSUE.

THANKS.