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Ayush Maheshwari (Student) (138 Points)
29 July 2016
can I give loan to my friends and family take money and can take it as a loan and give them interest on proper rate
2 Replies
NV KIRANKUMAR REDDY
(student)
(123 Points)
Replied 29 July 2016
Pls give loan only through account payee cheque or a demand draft
NV KIRANKUMAR REDDY
(student)
(123 Points)
Replied 29 July 2016
Otherwise wise u will be liable to penalize under the Income Tax Act,1961
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