Dear Sir,
We have provide a loan to my company to sister concirne company so what is the percentge of this loan amount?
Regards,
Priyanshu
priyanshu singh (Studants) (80 Points)
30 April 2012Dear Sir,
We have provide a loan to my company to sister concirne company so what is the percentge of this loan amount?
Regards,
Priyanshu
Sameer
(EXPERT)
(173 Points)
Replied 01 May 2012
SHOULD NOT BE LESS THAN MARKET RATE OF INTEREST,THOUGH ITS A PERSONAL MAtter,but for income tax purpose better for go with market rate(usually sbi rate)
Sameer
(EXPERT)
(173 Points)
Replied 01 May 2012
SHOULD NOT BE LESS THAN MARKET RATE OF INTEREST,THOUGH ITS A PERSONAL MAtter,but for income tax purpose better for go with market rate(usually sbi rate)
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