interest on loan between companies

Rajagopalan (EXECUTIVE FINANCE) (56 Points)

02 January 2008  

02.01.2008

Inter corporate Loan paid from   One company to another through agreement. For payment of interest monthly/quarterly whether debit note to be raised for the same. Also pl clarify whether service tax is applicable for the interest payments.The above companies are group companies.Pl clarify

 

S.Rajagopalan

HSI AUTOMOTIVES