Loan disbursement
can a loan be given to a relative by an individual @ 0% interest for 6mths. if not what are the implications of doing so
Replies (2)
Yes, loan can be given to a relative at 0% for 6 months. If cheque is paid then it is better to prepare a loan agreement to show the nature of transaction.
thanks for the reply
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
