Implication of personal loan in itr 1(sahaj)


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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 Dear Sir,
I am an individual & use ITR 1 (SAHAJ). I have following queries:-
1) Last year in 2013-14, I have taken Personal Loan for Rs. 75000/- from Bank. I want to know the implication of the loan in ITR. Please suggest will it be shown in ITR, if yes, How ?

2). In Last year 2013-14, I have financed Bike from Bank. Please suggest of its implication, if any, in ITR ?

Your suggestion is most important.

Thanking You

31 July 2014 nothing gr8 no need to disclose this in itr-1.

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2014 Thank You sir for your valuable response...


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