Loan repayment through net banking
This query is : Resolved
05 July 2013
Sir,
for instance, an assessee took a loan of Rs.2 lakhs. can he repay the amount by depositing directly in to the amount of the creditor instead of giving a cheque.
Pl clarify.
for instance, an assessee took a loan of Rs.2 lakhs. can he repay the amount by depositing directly in to the amount of the creditor instead of giving a cheque.
Pl clarify.
05 July 2013
yes but then for income tax purpose u need to have supportings to prove that u have repaid the loan.
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