Receiving funds from a gold loan deposited into your bank account does not automatically mean it's taxable income. Generally, loan amounts are not considered income by HMRC. However, it's always best to consult with a tax professional to confirm the specific tax treatment based on your individual circumstances.
13 October 2020
I have deposits in bank account by gold loan. Is that amount considered as my Income for the period and is that amount taxable under Income Tax? Please Help''