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INTEREST PAID BY HUF TO COPARCNERS

This query is : Resolved 
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(Querist)
13 September 2007 A HUF RUNNING A BUSINESS,HAS ACCEPTED LOAN FROM ITS MEMBERS AND PROVIDING INTEREST ALSO, WHETHER THE INTT PAID IS ALLOWABLE. REF.245ITR2 CITVGOPAL BANMSILAL INANI(SC)
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
16 September 2007 Yes
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CA. O.P. Agarwalla

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CA. O.P. Agarwalla (Expert)
19 November 2007 I AGREE
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