EASYOFFICE
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Loan paid amount without interest accepted

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(Querist)
14 May 2022 sir,
It assessee (father) rs:15 lacs cash loan pay to son without interest through on online mode.
Question:
above transactions accepted in it act.(loan amount without interest)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 May 2022 Yes, it's accepted in IT Act.

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