Sir, can unsecure loan can be taken by one brother from another brother?i.e without interest free.

Sir, Please tell can unsecure loan be shown in IT file, taken by one brother from another brother ,that is also interest free.
Replies (9)

Which ITR you are filling? Because if there is no Balance sheet to be filled in ITR you cannot show it.

Sir, it is ITR4 and balance sheet is also availiable.I want to know from unsecure loan can be taken.Can unsecure loan be taken from brother.

You can take loan, and also show it in ITR4, only thing sometimes ITO add interest (deemed) in file of loaner brother, when its interest free.

Sir,

    So unsecured loan can be taken from any member of the family.And if can taken we have to deemed the interest as myself has not paid any interest to my brother.

You need not pay interest when its interest free loan from any relative of an individual; its ITO who sometimes make addition. So, if possible charge nominal bank interest, which can be even deducted as expense in lonee file.

Ok,

       Sir,

        An unsecure loan can be taken from any member of family or tere is any boundation.

It should be by Banking channel, cannot take by cash.

Loner should be able to explain its ligitimate source, whenever query arise.

Sir,

 

        thank you , so i have to take in cheque, but onces again want to make clear can one brother take loan from another brother.

 

Yes, no problem. Both of you should be maintaining the accounts, I hope.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details
Company
Featured 07 November 2026
Chartered Accountant

DPV & Associates

Chennai

CA

View Details