loan given by credit card
This query is : Resolved
25 September 2016
Hi
please advise I am a salaried person & I giving loan to other person by my credit card & payment received directly my credit card
in which income tax head I show this transaction
currently I giving loan daily 10 lack & daily received same amount in my credit card
please advice
25 September 2016
You don't have to show it in your ITR as you are not maintaining any books. Make sue the person you are giving loan to is duly maintaining proper books of accounts.
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