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Allowing expense on loan interest

This query is : Resolved 

11 April 2022 I am a director of private limited company and I have provided a loan to my company by taking loan from bank . My company provided interest on loan and I paid interest to bank. In this case can I claim the bank interest as expense while I filing my IT return?

12 April 2022 Yes, you can claim............

12 April 2022 Is there any restriction under companies act while providing loan to a company by taking loan from financial institution


12 April 2022 No restrictions in case of bank loan.

13 April 2022 Thanks for your response



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