loan from directors

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Student
86 Points Posted on 29 October 2017
can a company take loan from directors at 0% rate of interest?
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On 29 October 2017 at 10:07 Report
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272 Points Posted on 29 October 2017
under company law, there is no condition on interest rate for loan taken from director.. however, implication in income tax laws v has to be checked..
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On 29 October 2017 at 10:32
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Student
86 Points Posted on 29 October 2017
thanks
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On 29 October 2017 at 10:34
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51 Points Posted on 30 October 2017
yes, loan from director take interest free
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On 30 October 2017 at 11:47

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