Regarding itr-1

Hi,

I m Anurag from Delhi i m filing my ITR from F.Y 2011-12 as per my salary.

Now in F.Y 2012-13 there is a query regarding tax payment is that my father has taken a commercial vehicle loan any repayment of same deduct by ECS from my bank A/c where my salary been credited my father providing me funds for loan payment.

now my query is that at the time of calculation of tax i need to calculate tax on those amount which i recd from my father. ( there is incoming & outgoing of same available & my bank reflect only with my salary)

 

Plz suggest.....

Replies (3)

No need to add amount received to Salary Income

No Loan amount is not income so not required. But please keep the Loan Confirmations handy so that you can produce those if  the department raises any query

no need to add amount in income go with ITR-1

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details