Loan from the non relatives without interest?

Tax queries 144 views 2 replies

Taking loan from the non relatives without interest? is this taxable or non taxable. Can you please help me in this regard.

Replies (2)
Not taxable if loan amount received in cash is below 20000. If loan amount is more than 20000 in such case you can received loan amount only through banking mode ie via cheque or draft.
Thank you Sir


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