tax planning

Tax planning 1028 views 1 replies

"A" having a property gives his property to other person "B" as a collateral security for availing OD facility and in turn "A" receives a certain amount!!!

My question is taxability of that amount and if its taxable how to plan it to save tax!!

 

thanks

Replies (1)

Amount received is not taxable as its not an income but a loan/over draft transaction.


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