LAWyersclubindia LCI
Login  Register
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

  Start a discussion   Unanswered Report Abuse

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?


Reply   Follow

Learning

 2 Replies

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics


View More

Related Threads


Loading
Start a New Discussion Unreplied Threads
Laws Follow us


Popular Discussion


  1. Dies Non due to Unauthorised absence
  2. Substitution of lrs if untraceable
  3. Rules relating to language of invoice
  4. Manager (karta) of huf
  5. How o cancel the subdived patta provided
  6. Divorce case
  7. Irrevocable will - reg.
  8. For exhibits, should i file certified co
  9. Best responsive web design in new delhi
  10. Urgent legal help needed for neighborhoo

view more »



Browse by Category




Stay updated with latest Posts!