Loan from known persons
rakesh (student) (457 Points)
26 July 2022
do we require any agreement for taking loan for business from known persons ( firms or individuals)
1 Replies
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 26 July 2022
No need to make any agreement, but if the amount is material, then you can make an agreement for mitagate any future issues.
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