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About interest income

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04 January 2019 I am having business of labour contract. I also lending some money as loan to our labourer and their relative on interest. whether I can give loan on interest basis or not. whether the interest income is legal or not. I also offered this interest income in my return. please give urgent reply.

04 January 2019 you can give advance to them against wages/salalry. if your charge intt. then you have to offer for tax.



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