Interest on unsecured loan as expenditure

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Articles Assisstant
499 Points Posted on 25 October 2023
is interest on unsecured loan can be claimed as business expenditure if TDS was paid @ 10% under sec 194A?
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On 25 October 2023 at 11:16 Report
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Quick Summary
This discussion clarifies whether interest paid on an unsecured loan can be claimed as a business expenditure. The consensus is yes, provided the loan was used for business purposes. However, there are specific limits that apply, though these were not detailed in the initial exchange.

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ACCOUNTS MANAGER
2213 Points Posted on 25 October 2023

YES..............why not ??

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On 25 October 2023 at 11:26
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"Do the Right Thing...!!!"
128157 Points Posted on 25 October 2023
Yes, You can claim it's as business Expenditure if it's used in business...
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On 25 October 2023 at 12:28
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Profession
28271 Points Posted on 29 October 2023
Interest on unsecured loan as business expenditure is available subject to limits.
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On 29 October 2023 at 12:23
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CA ipcc
449 Points Posted on 29 October 2023
What limits. You speak as if you framed the law mr.mukherjee. stupid
1 Reply
On 29 October 2023 at 20:41

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