Loan out of personal savings from pgbp income
Querist : Anonymous
A person (individual) has PGBP income and accordingly files ITR 3. He has given a personal loan (interest free) to a third person out of his personal savings (say out of the personal savings made from his drawings from business). Is the first person required to show anywhere the loan provided to a third person and the receipt back of principal loan amount from third person?
Querist : Anonymous
You are wrongly mentioned my reply...
He can't show the details in his company's book. It means you don't show this one...
Querist : Anonymous
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