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Cash loans to friend interest free accepted in it act

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26 January 2022 Sir,
Sec 44ada professional income it returns filed person cash loans to friend(debtor)rs:50 lacs through on online mode in f.y.18-19.assessee cash loan amount no interest calculate (interest free)f.y.18-19 and 19-20.
Question:
Assessess loan amount interest free accepted in it act.

26 January 2022 Yes, it's accepted in income tax.



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