Op bal of Unsecured loan taken docs proof req under scrutiny
This query is : Resolved
10 December 2019
Respected Sirs and or Madams,
I would like to know what are documents required to be submitted besides loan confirmation with pan number and signature for proving genuineness of loan taken from relative where there is opening balance of loan and no new loan availed from the relative during the year under scrutiny. Interest deduction for the loan has been claimed for the said loan.
I would like to know what are documents required to be submitted besides loan confirmation with pan number and signature for proving genuineness of loan taken from relative where there is opening balance of loan and no new loan availed from the relative during the year under scrutiny. Interest deduction for the loan has been claimed for the said loan.
04 June 2020
It is better to have a loan agreement between all the parties involved...
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