In a business loan, interest paid in the repayment of the loan is claimed as a tax-deductible expense. Read onto this Finance Buddha blog for more information about Tax Benefits on Business Loans.
Loans! It’s a simple word but many of us are scared of it but dont worry in today’s Finance Buddha blog we have listed all the loans that come with tax benefits.
If you are thinking of availing a small business loan, but hesitating to go for it because you are not sure how it will affect your next year’s taxes. Well, the answer is – business loans are tax-deductible!