Taxability of waiver of agriculture loan
This query is : Resolved
TRIPURARI SHARAN JHA
(Querist)
27 September 2015
suppose an agriculture loan sactioned of rs. 500000/-, the farmer is not able to refund it. as per the government scheme , it is waived ,now it is taxable under sec 41,
Amol S Joglekar
(Expert)
27 September 2015
No. It is not taxable under section 41.
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