loan disclose in 3cd
This query is : Resolved
ARPIT PATEL
(Querist)
13 September 2016
if i am a proprietor and my business is under tax audit.
but i have taken personal loan from my saving account and not used in my business then i have to give details of that loan in 3cd report???
Amol S Joglekar
(Expert)
14 September 2016
if you are maintaining separate books of accounts for your business and individual transactions, then no need to report the same
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