Unsecured loan

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CONSULTANT
72 Points Posted on 07 November 2020
i have taken unsecured loan through banking mode, do I need to show in my 3cd report ?
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On 07 November 2020 at 19:56 Report
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Quick Summary
This discussion clarifies whether unsecured loans taken through banking channels need to be reported in your Form 3CD report. The consensus is that unsecured loans obtained directly from banks do not require reporting. Reporting is typically mandatory only for loans sourced from NBFCs and other non-banking entities.

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Tax consultant
5895 Points Posted on 07 November 2020
Yes you should
1 Reply
On 07 November 2020 at 21:42
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Accountant
3662 Points Posted on 07 November 2020
Reporting required only loan from NBFC and others

Unsecured loan from banks no need to report
1 Reply
On 07 November 2020 at 22:58

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