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Minimum intrest paid

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(Querist)
24 April 2012 i have give loan from my (huf) to (ind) a/c.
Is it necessary to charge intrest for that transaction as per income tax rule..... if atall what is the minimum rate that can be charged
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CA Dileep Surya Kumar

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CA Dileep Surya Kumar (Expert)
24 April 2012 No Rule in Income tax to charge minimum interest. It can also be Nil.

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