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What is the procedure to give private loan on interest?
10-Oct-2023 (In Cheque Bounce Law)
My friend wants to give 5 lakhs on interest. What is the procedure and is it legal
Sir this suggestion only. First thing is where you the Income tax assessee. If you are the assessee it is well and good or Your not the assessee can not do any things, if the amount is above 2 Lakhs the transaction shoud be done through bank only, this is present rules.If your matter on dispute in future there is less chances of winning of your case. So be careful
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Adv. Mohammed Ghouse
Cuddapah | 100+ Answers
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