banner_ad

Rate of interest allowed on unsecured loans

318 views 9 replies
User Avatar

15 Points Joined July 2019
what is the maximum rate of interest a trust can pay for unsecured loan taken by it?
0 Reply Share Follow
On 18 January 2021 at 13:32 Report
Replies (9)
User Avatar

215 Points Joined April 2017
There is no such restriction for rate of interest....

you can pay any rate of interest...
But if lender is Related party then A.O may disallow excessive interest u/s 40A(2)(b)
Reply
On 18 January 2021 at 15:32
User Avatar

17264 Points Joined December 2018
Which type trust you are referring to !! Trust paying interest is uncommon !! please clarify
Reply
On 18 January 2021 at 21:17
User Avatar

15 Points Joined July 2019
I am asking for educational trust society
Reply
On 18 January 2021 at 21:49
User Avatar

Accountant
4533 Points Joined February 2017
There is no such restriction on payment of interest. but in case of relative party the excess interest in comparison to market will be disallowed
3 Reply
On 19 January 2021 at 00:16
User Avatar

Chartered Accountant
86505 Points Joined April 2011
You can pay interest as per your wish
Reply
On 19 January 2021 at 04:04
User Avatar

15 Points Joined July 2019
Thanks for the replies
1 Reply
On 19 January 2021 at 08:09
User Avatar

Chartered Accountant
86505 Points Joined April 2011
Welcome....... My Pleasure.......
Reply
On 20 January 2021 at 22:21
User Avatar

Chartered Accountant
86505 Points Joined April 2011
Reply
On 20 January 2021 at 22:21
User Avatar

Accountant
4533 Points Joined February 2017
My pleasure
2 Reply
On 20 January 2021 at 22:25

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

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
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details