Cash loans to friend interest free accepted in it act
This query is : Resolved
26 January 2022
Sir,
Sec 44ada professional income it returns filed person cash loans to friend(debtor)rs:50 lacs through on online mode in f.y.18-19.assessee cash loan amount no interest calculate (interest free)f.y.18-19 and 19-20.
Question:
Assessess loan amount interest free accepted in it act.
Sec 44ada professional income it returns filed person cash loans to friend(debtor)rs:50 lacs through on online mode in f.y.18-19.assessee cash loan amount no interest calculate (interest free)f.y.18-19 and 19-20.
Question:
Assessess loan amount interest free accepted in it act.
26 January 2022
Yes, it's accepted in income tax.
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