Poonawalla fincorp
Poonawalla fincorp

Can interest free loan be treated as gift?

This query is : Resolved 

01 October 2012 Sir,

Interest free loan given to H.U.F can be treated as gift and chargable to tax under income from other sources?

01 October 2012 No, But Incom From That Fund is to be Clubbed in Giver Hand.



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