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Interest on Capital in case of individual...Urgent sir

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(Querist)
24 September 2010 Dear Experts,
Very urgent sir...
Incase of an individual doing business, Is the propreitor not allowed to charge capital @ 12% on the capital or current account balance.?
With regards,
Rajesh.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 September 2010 Proprietor is not allowed to charge any interest either on capital or current account or any other balance as you cannot book a expense on yourself only.

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