Incometax....part of indirect cheating
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2015
If i take loan from friend and returns it after long period. Then does it requires to pay Interest? if yes what percentage?
Amol S Joglekar
(Expert)
08 June 2015
payment of interest id strictly the domain of YOU and your kind hearted and generous FRIEND. Income tax has nothing to CHEAT in this.
08 June 2015
int is matter of agreement bet 2 persons namely lendor and lendee so how there is cheating in it?
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