A salary person has taken loan from bank and invested in some business of other person and gets return from that investment. how to show it in itr.
please suggest...
2 Replies
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 23 July 2022
Show the interest under other income.
SASMITA
(AUDIT MANAGER)
(97 Points)
Replied 23 July 2022
But he says it's not interest it's like share of income from business, can i show it as business income.
what will be the right treatment.
what will be the right treatment.
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