REGARDING UNSECURED LOAN AND INTEREST
Kamlesh Tolani (accountant) (562 Points)
12 October 2019
IN BUSINESS UNSECURED LOAN ANY LIMIT AND TAKEN UNSECURED LOAN SO HOWMANY AMOUNT PAY INTEREST.
Kamlesh Tolani (accountant) (562 Points)
12 October 2019
sabyasachi mukherjee
(27334 Points)
Replied 12 October 2019
Kamlesh Tolani
(accountant)
(562 Points)
Replied 12 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 12 October 2019
1. There is no rule for limit with respect to the loan amount.
2. It depends on the nature of the business you are doing.
3. And interest rates are based on banks and normally unsecured loans carry a high rate of interest.
Please correct me if the above solution has an alternative view.
Kamlesh Tolani
(accountant)
(562 Points)
Replied 12 October 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 12 October 2019
1. Of course, without payment of interest which bank will provide a loan.
sabyasachi mukherjee
(27334 Points)
Replied 14 October 2019
Kapadia Pravin
(17259 Points)
Replied 17 October 2019
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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