loan waiver scheme
This query is : Resolved
05 January 2010
As scheme of 'Agricultural Debt Waiver and Debt Relief Scheme 2008' declared by govt of India. One of my client got the loan waiver about Rs. 2,10,000/-. The loan waiver amount is Rs. 2,10,000/- is taxable or exempt. please help me.
05 January 2010
In my opinion, it is a capital receipt. Hence exempt from tax.
02 July 2023
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