13 April 2018
Dear sir, I am salaried person and taken loan from my relative 200000/- from online transfer, Now I have to paid 30000 interest to my relative which is also through Online money transfer and my relative have less income so he can pay tax on this income and take refund the same by ITR.
So please Suggest how can I show in my ITR to reduce my Taxable income.please advice
KG
Expert :
Anonymous
Expert :
Anonymous
(Expert)
13 April 2018
You can't reduce your income as No deduction for same is available to you.