"A" having a property gives his property to other person "B" as a collateral security for availing OD facility and in turn "A" receives a certain amount!!!
My question is taxability of that amount and if its taxable how to plan it to save tax!!
thanks
Amount received is not taxable as its not an income but a loan/over draft transaction.
VIKAS VERMA & CO
New Delhi
Others
View Details
BANSAL YOGESH AND CO
Gautam Budh Nagar
B.Com
View Details
CAclubindia
Pro
Modal body text goes here.
CAclubindia
