A person X saves 5 lakhs after paying all taxes in a 2018 - 2019 financial year
Now the person X gives a temporary loan of 1 lakh to person Y without any liability or interest.
The person Y pays back the 1 lakh to Person X in 2019 to 2020 financial year
Does the 1 lakh become a taxable income again for Person X in the 2019 - 2020 financial year?
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