Money received from a relative as a repayment of a loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2017
I lend a sum of Rs. 3 Lacs to a relative 2 years back. Now he is going to repay me the same. I know the money I am going to receive wont be taxable, but How do I show the amount of 3 lacs received from him in my IT returns ( which ITR form & which part)
24 June 2017
you dont have show this............
24 June 2017
No need to show it in ITR. But dont accept such amt in cash.
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