Loan amount inclusion

Dear Sir / Madam, One of the assessee is earning director salary from a company. He has received Gold loans & Goat loans from bank & partially utilized it for starting goat loan business. But unfortunately due to some reasons, he dropped that business idea. Thereafter, by utilizing that remaining loan amt, he tried to start a water business. But unluckily, it was also failed. Now my doubts are:- 1) In this case, do we have to show his loan amts from the bank? 2)If so, do we have to show that losses incurred in it? Then how to compute it? 3) He is making that loan repayment for gold loans & goat loans. Is there is any exemption for these? 4)Usually ITR 1 was used to him. Now which form should be used? Earliest reply would be greatly appreciated. Thanks in advance.