Hi,
Can a partnership firm or pvt company can take or give loans from or to known persons or their business for working capital without interest and repaying later. What provisions will attract for this transaction.
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Loans taken or given for business
Replies (1)
You have absolute liberty to aquire such unsecured finances from third parties. No tax acts mentioned https://www.businesstoday.in/magazine/savings/story/caution-before-lending-money-to-family-member-or-friends
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