Loan from the non relatives without interest?

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Manager - Genesis Tax Consultant
531 Points Posted on 07 March 2018

Taking loan from the non relatives without interest? is this taxable or non taxable. Can you please help me in this regard.

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On 07 March 2018 at 17:00 Report
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22 Points Posted on 07 March 2018
Not taxable if loan amount received in cash is below 20000. If loan amount is more than 20000 in such case you can received loan amount only through banking mode ie via cheque or draft.
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On 07 March 2018 at 17:46
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Manager - Genesis Tax Consultant
531 Points Posted on 07 March 2018
Thank you Sir
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On 07 March 2018 at 21:41

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