ITR1 regarding personal loan
This query is : Resolved
02 July 2021
Dear Sir/Madam,
My relative daughter has taken loan of Rs.30lacs from relatives for higher studies (to study in US). Please help how to show Rs.30lacs in ITR1 for the fy 2020-21.
Help me in this regard.
Thanking you,
Ajay
My relative daughter has taken loan of Rs.30lacs from relatives for higher studies (to study in US). Please help how to show Rs.30lacs in ITR1 for the fy 2020-21.
Help me in this regard.
Thanking you,
Ajay
02 July 2021
No need to show such loan in ITR unless your yearly income is more than 50 lacs
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