Unsecured loan


(Querist)
20 June 2019
My uncle received Rs. 3500000 through NEFT as a loan from his friend for purchasing a residential flat . Here how can I show it in income-tax ? Is there has any limit to receive unsecured loan?


CA Tejas Mistry (Expert)
20 June 2019
There is no limit for receiving unsecured loan .......as far as its purely loan given


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