Poonawalla fincorps
Poonawalla fincorps

Sec 68 of inome tax (loan from relatives)

This query is : Resolved 

12 April 2013 i want to know the provisions of this section and also some case laws related to this section.

10 July 2013 You cannot take any loan without account payee cheque or draft etc. and if you have taken the loan even by cheque then you have to prove that the loan is genuine for that you have to submit the bank statement, confirmation, balance sheet and explanation as to capacity to pay such loan of the person giving you the loan



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries