Salaried person and i have a income tax query
This query is : Resolved
Gaurav Agrawal
(Querist)
18 July 2013
I am a salaried person. One of my friend deposit some money through online transaction. Suppose in my office one friend take 50000/- cash from me and after 2 months he deposits 50000/- into my account by using online transaction from his account.
Now my query is that is this 50000/- is assume my income in income tax or not?
Is this 50000/- assume my extra income in income tax or not?
If this transaction is made by my brother then in that case it also known as my income in income tax?
I am too much confused about that...
Please let me know ASAP....
Now my query is that is this 50000/- is assume my income in income tax or not?
Is this 50000/- assume my extra income in income tax or not?
If this transaction is made by my brother then in that case it also known as my income in income tax?
I am too much confused about that...
Please let me know ASAP....
CA PARAS BAFNA
(Expert)
18 July 2013
If he can transfer online to you, you can also do so.
.
Tell your friend to withdraw cash from his account and give it back to you.
.
You need to say that your friend has given the amount as a loan , so you have repaid back.
.
Do not discuss cash loans with anybody.
.
.
Tell your friend to withdraw cash from his account and give it back to you.
.
You need to say that your friend has given the amount as a loan , so you have repaid back.
.
Do not discuss cash loans with anybody.
.
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