loan to partnership firm

This query is : Resolved 

27 April 2010 Can a individual(say Mr X) grant a loan to a firm(partners Mr x & Y) in which he is a partner?

27 April 2010 yes possible.

27 April 2010 Yes



27 April 2010 AGREED WITH EXPERTS.
ANY INDIVIDUAL AS WELL AS HUF CAN GIVE LOAN TO FIRM.




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