Income earn from personal loan

30 January 2018

after 1 year Income earn from personal loan are added to gross income or not

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4 Replies

SAURABH ARORA (ARTICLE ASSISTANT) (37 Points)
Replied 30 January 2018

If u are earning any income by investing the money recd by any means (loan) such income will get added to ur gti

RAJA P M ("Do the Right Thing...!!!") (127700 Points)
Replied 30 January 2018

Yes... You can show the Incomes.

Palak Rawal (Student CA FINAL) (388 Points)
Replied 30 January 2018

Yes it will be added to your income.

CMA Vishwas Kadam (Employee) (58 Points)
Replied 30 January 2018

it has been strictly prohibated to invest the amount which has been receied by way of loans.

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