Unsecured loan


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2012 Can a salaried individual give unsecured loan to ANY concern...proprietership, partnership etc. Is there any tax implications.

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17 July 2012 Consider the following points while giving loan:
1. Always give loan by a/c payee crossed cheque in case payment is more than Rs. 20000/-.
2. Obtain timely confirmation from lendors.
3. In case interest is received then check for applicability of TDS.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2012 What about Interest free Unsecured loan?




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