Documentation for loan taken from relative
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2014
Dear Friends,
My client has purchased flat in 2009-10 but payment for the same has been made by his brother from his account.I want to show it show it as a loan from relative .please tell me what documentation is required for proving it as a loan to income tax department.
Thanks
C.A.Dinesh Kori
My client has purchased flat in 2009-10 but payment for the same has been made by his brother from his account.I want to show it show it as a loan from relative .please tell me what documentation is required for proving it as a loan to income tax department.
Thanks
C.A.Dinesh Kori
05 February 2014
Please read Section 269S before showing it as loan.
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