Income tax SMS for borrowed money

ITR 233 views 2 replies

Hi,

Last year I borrowed 3 lakhs from my friend to make one room in house.

He gave me checks of 1.5 lakh each.

When I went to bank, I wrote my name on check. The bank employee asked me to write PAN number on back side of check.

Now, I got SMS that I need to file ITR.

My income last year was below: 2.5 lakhs

Do I need to pay tax for the 3 lakhs I borrowed from my friend?

Kindly, advice.

thanks

 

 

 

Replies (2)
Irrelevant
You may submit the feedback in AIS.

It's not required to file ITR


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