Proof of unsecured loan
This query is : Resolved
17 March 2016
Sir, what kind of proof for unsecured loan must be submitted to Income tax authority? which type is stronger?
Ankur Singhal
(Expert)
17 March 2016
Dear
IT deptt demands the following
1. ITRs of the person from whom loan was taken.
2. The bank statement of the person from whom loan was taken.
3. The source of fund of the same person.
As a strong proof see that the source of fund of that person is genuine.
IT deptt demands the following
1. ITRs of the person from whom loan was taken.
2. The bank statement of the person from whom loan was taken.
3. The source of fund of the same person.
As a strong proof see that the source of fund of that person is genuine.
Amol S Joglekar
(Expert)
17 March 2016
Now a days, income tax department calls the person and asks face to face. You can do that.
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