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loan given by credit card

This query is : Resolved 
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(Querist)
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
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
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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