Interest on unsecured loan as expenditure

is interest on unsecured loan can be claimed as business expenditure if TDS was paid @ 10% under sec 194A?
Replies (4)
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.

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

Yes, You can claim it's as business Expenditure if it's used in business...
Interest on unsecured loan as business expenditure is available subject to limits.
What limits. You speak as if you framed the law mr.mukherjee. stupid

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