Loan money

HI 

If the money given is returned it is in form of advance or loan. So it wont be income .

If any interest received along with the money lent ( Ex given 10000,  later received back 11000  1000 rs will be interest income to be charged under Income under Other soures as Interest income.

If only money given back is not an income its only loan. But there should be some evidence for amount given and amount taken back to the other person  other wise it will be considered as Income

Example such transaction is TDS deducted later received as refund

You cannot show TDS deducted as income only the interest received on such TDS at the time of refund is charged in IT Returns

agree with above explanations

lucidly explained by Mr. Abhiram.