interest on loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2010
interest free loan given by a borrower company is allowed as a deduction or not ?
10 November 2010
Its a refundable loan though interest free?
loans or advance given by the company are in the nature of Assets & not an item of expenditure.
loans or advance given by the company are in the nature of Assets & not an item of expenditure.
10 November 2010
when it's an intt free loan, where is the question of deduction? no notional interest is deductible.
10 November 2010
Agreed with both the experts
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
