Minimum intrest paid
This query is : Resolved
24 April 2012
i have give loan from my (huf) to (ind) a/c.
Is it necessary to charge intrest for that transaction as per income tax rule..... if atall what is the minimum rate that can be charged
Is it necessary to charge intrest for that transaction as per income tax rule..... if atall what is the minimum rate that can be charged
24 April 2012
No Rule in Income tax to charge minimum interest. It can also be Nil.
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