loan to relative
Mohammed Ali (38 Points)
09 October 2018
Loan given to relative without interest is allowed or not ???what will the taxability
2 Replies
Ankita Chachan
(practitioner)
(548 Points)
Replied 09 October 2018
U can give loan to relative without interest.
Rinku Goyal
(45 Points)
Replied 10 October 2018
you can give loan any one at any interest rate. but not eligible for any deduction.
having said that as there is no interest means no income. so no tax liability arises
having said that as there is no interest means no income. so no tax liability arises
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