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TAXABILITY OF LOAN WAIVED OFF.

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 November 2010 Please explain whether waiver of loan by a financial inst./ bank/others is taxable and under which section.
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CA Navin Jain

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CA Navin Jain (Expert)
12 November 2010 I THINK ITS NOT TAXABLE...........

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