Education loan taken by assesse, borrowed money from parents

CA JK (Student) (187 Points)

27 July 2017  

Hi Friends,

 

My client is an Individual who took education loan 3yrs back and repaying it. He borrowed money from parents and sister to repay loan. Parents and Sister transferred amounts to his account and thereafter he repaid full loan and closed the loan account. Now the question is amount credited by his family members into his account will be treated as his income ?? Please tell me the treatment for the same while filing return for the Client.

 

Thank You !!