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Loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 August 2018 Can i give loan by taking loan from other party.what will be the effect in income tax.please advise urgently.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 August 2018 Yes you can do so and claim interest payments as expenses out of interest earned. Loan receipts and payments not to exceed 20,000 in cash
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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2018 How much amount can i take loan and give loan
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