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Due of Rs700000/ from loan debtor

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(Querist)
26 January 2024 Pl note that I gave loan of Rs700000/ to a party .now the party is not returning my money.I want income tax department adjust this money for my taxes .How to start the process?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 January 2024 It's not atall possible.
No provisions under income tax for this.

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