Taxable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2014
what does section 43ca and 50c say?
01 July 2014
Can u tell the whole transaction in details. The Parties related with and the nature of assessee(Ind or others)
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 July 2014
It is the case of an individual who had taken a loan from a person who expired. So will the addition of the amount of loan in the individual's capital be taxable.
04 July 2014
loan is repayable capital amount not taxable.
05 July 2014
No since Loan is not the income in the hands of the person who had taken it. So it will not b taxable in the hands of the person who has taken the loan.
But, in the hands of the lender may b taxable, due to the income of interest.
But, in the hands of the lender may b taxable, due to the income of interest.
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