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.
Menu
Loan amount it deduction accept
Replies (3)
Yes allowed.
Yes it is allowed
15 Lacs form Daughter will not be a deduction but would instead be accounted as liability in your balance sheet.
Recent Threads
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
Related Threads
CAclubindia
