Interest on unsecured loan
Bhusan Lunawat (Chartered Accountant) (19 Points)
10 May 2007Whether such addition to loan amount requires any reporting in tax audit report?
Bhusan Lunawat (Chartered Accountant) (19 Points)
10 May 2007
Chintanshah
(CA Practice )
(122 Points)
Replied 10 May 2007
Jas
(28 Points)
Replied 10 May 2007
Sunil
(82 Points)
Replied 10 May 2007
Ramkrishna
(Accountant)
(325 Points)
Replied 10 May 2007
Anil Sinha
(6 Points)
Replied 06 December 2023
In general, the interest on unsecured loans can depend on the tax laws. However, I can provide some general information that may help guide you:
Deductibility of Interest on Unsecured Loans:
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)