Is Deposit from Gold Loan Taxable


This query is : Resolved 

Quick Summary
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''

13 October 2020 Yes, it's taxable..........

31 October 2021 If its loan amount, it is not taxable.


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