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Income tax query

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(Querist)
30 January 2021 sir,
is it manadatory to give interests to unsecured loans by proprietoryships and firms.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 January 2021 Not mandatory.....................
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
30 January 2021 Its not mandatory, it depends on circumstances and conditions of loan.
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