WE HAVE RECD 6 LAKH FROM A RESIDENT IN OUR FIRM AS UNSECURED LOAN IN 2011. NOW WE HAVE TO PAY THIS AMOUNT. CAN WE PAY WITHOUT INT. PLS CONFIRM.
Menu
Unsecured loan
Replies (2)
No problem as such to Borrower, but AO may add notional interest to Lender.
further you can debate with the AO for the notional interest stating the HERO cycle case in which supreme court negating all the attempts of AO to step in the shoes of business men and decide what should have been done...
Recent Threads
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
Related Threads
CAclubindia
