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Interest rate

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28 April 2009 Can a private limited company pay interest to another private limted company more than 12% p.a.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 April 2009 Yes, it depends on the loan agreement. Further they should no be related party because it can affect the allowability of expense.
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Ankur Garg

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Ankur Garg (Expert)
03 May 2009 Agree with Mr. Tilak
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