02 April 2016
If book of Accounts are maintained then yes amount of loan at the end of the year need to write in ITR.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 April 2016
I am running proprietory firm and book of account of firm is also being maintain but this loan i have taken for my personal purpose not for business purpose plz tell me will this personal loan be disclose in ITR or not...
02 April 2016
No. if its amount have not affected your firm bank account or book of accounts then no need to take entry in your accounts and same in ITR.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
02 April 2016
No...neither firm bank account nor book Of accounts is being effected by this personal loan