Taxable or not

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Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2014 what does section 43ca and 50c say?

Sandeep Dharar

Sandeep Dharar (Expert)
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01 July 2014 Can u tell the whole transaction in details. The Parties related with and the nature of assessee(Ind or others)

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2014 It is the case of an individual who had taken a loan from a person who expired. So will the addition of the amount of loan in the individual's capital be taxable.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 July 2014 loan is repayable capital amount not taxable.

Sandeep Dharar

Sandeep Dharar (Expert)
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05 July 2014 No since Loan is not the income in the hands of the person who had taken it. So it will not b taxable in the hands of the person who has taken the loan.

But, in the hands of the lender may b taxable, due to the income of interest.

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