Interest on unsecured loan as expenditure

Sri Snigdha (Articles Assisstant) (499 Points)

25 October 2023

is interest on unsecured loan can be claimed as business expenditure if TDS was paid @ 10% under sec 194A?

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4 Replies

NARENDRA (ACCOUNTS MANAGER) (1994 Points)
Replied 25 October 2023

YES..............why not ??

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 October 2023

Yes, You can claim it's as business Expenditure if it's used in business...

sabyasachi mukherjee (27574 Points)
Replied 29 October 2023

Interest on unsecured loan as business expenditure is available subject to limits.

Ashwin Kumar (CA ipcc) (449 Points)
Replied 29 October 2023

What limits. You speak as if you framed the law mr.mukherjee. stupid

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