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)
Amol S Joglekar
(Expert)
24 June 2017
you dont have show this............
CA Rashmi Gandhi
(Expert)
24 June 2017
No need to show it in ITR. But dont accept such amt in cash.
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