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Interest on unsecured loan

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(Querist)
06 May 2015 dear sir/madam

plz guide me on,is it compulsory for pvt ltd. company to debit interest expence on its unsecured loan from outsider?

in case realy there is no interest expence for this loan.

so can i ignore interest expence if i wish so?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 May 2015 the charging of interest is governed by the loan documentation itself. so if there is no interest provided in the loan agreement, no interest is to be provided for.

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