Transaction in money

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trupti b palande (Querist)
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26 February 2015 what is covered I transaction in money as I m getting confused in that I want good example which will clear my doubt like in case of transaction of loan it is transaction in money how to recognize that ? pls help me ?

Nilesh

Nilesh (Expert)
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03 March 2015 For eg If you have taken personal loan from bank-& you have paid EMI it is transaction in money.

However, if you have made purchases from credit card which was then converted into EMI.. it will not be treated as transaction in money..