Cash loan form relatives

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Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2014 Provisions of cash loan given by an individual assesse to his relative being an individual.

Nikhil Kaushik (Expert)
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25 September 2014 what provision you looking for?

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Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2014 An individual wants to give cash loan to his relative?tax treatment in hands of both

Nikhil Kaushik (Expert)
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25 September 2014 no impact on either of the two relatives...it is exempted under section 56(2)

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CS,CA F,Numrologi TusharSampat (Expert)
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30 September 2014 its like gift given to relatives are not taxable.

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