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R.KARPOORASUNDARAM (ASSISTANT PROFESSOR)     19 July 2019

Is personal loan taxable?

Sir, My friend bought a personal loan of 30 laks from a relative for doing business. Whether it is taxable? Whether it should be included in his income?


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Shashi Dhara

Shashi Dhara   19 July 2019

It shud be included but it is not taxable consult tax practitioner.
R.KARPOORASUNDARAM

R.KARPOORASUNDARAM (ASSISTANT PROFESSOR)     20 July 2019

Thank you so much Sir

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