banner_ad

Limit of unsecured loan in proprietorship firm

Others 2992 views 3 replies

I m a proprietor of a firm. I have take unsecured loan from relative & friends.Can you suggest me limit of loan recieved in a year & if i paid interest is applicable for tds or not.

Replies (3)
If you were under tax audit in the last year , then tds to be deducted in current year. Take loan as per requirement. No limits as such. Loan to be taken and paid only through cheques.

THANKS FOR SEGGESTION, RCD.

How much unsecured loan can be taking from relatives and friends in case of a new proprietorship firm will be starting business with a capital of Rs. 5 LAKH.  Also let us know can that loan be interest free?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details