Gold loan , personal loan
mohammad tarique sohail (accountant) (195 Points)
25 July 20231) I have taken a gold loan from bank which is my mother and wife assets. This one has been given to me for taking a loan. To engage in business. Will return after repaying the loan.Will show gold loan in liability. Gold cannot be shown in assets because it is not mine. So what should we do a gift show?
2) taken 1 personal loan also.mutual fund purchases not sale.
can I fill ITR 4.
pls guide me