I have taken a loan from a relative in 2008.
How can I show it when filing returns?
What documents would suffice to show that I have taken the loan?
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Loan from Relative
Replies (1)
Loans from relatives should be shown in unsecured loans, when filing your income tax returns..
you need not produce any documents along with your returns but you should maintain related papers in your custody and should be produced when income tax officers demands it..
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