it assess cash loan from daughter rs:15 lacs through on online mode received for purchase of property purpose.
question:
loan from daughter rs:15 lacs amount it deduction claim allowed in it act.
Yes allowed.
3 Replies
Janak Shah
(ca)
(603 Points)
Replied 07 November 2021
15 Lacs form Daughter will not be a deduction but would instead be accounted as liability in your balance sheet.
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