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Intrest free loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2014 Can an intrest free loan can be taken from

spouse
son
father
mother
brother
please comment
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 July 2014 ans is yes to all....................................
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2014 year 2011 intrest taken
year 2012 intrest not taken
year 2013 intrest not taken
and in year 2014 intrest taken

this will be allowed by incomtax department or it will come for scrunity
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 July 2014 criterias are not set by above for selection of assessment. dept can go for scrutiny for any year there is no specific procedure as defined.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 July 2014 refer above ans..................................
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 July 2014 ok it seems official we can take there is no prescribed norms on it by incomtax department
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 July 2014 yes now u get it all correct......................
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