I have taken a interest free unsecured loan from my family friend for buying of house, 3 years back but not showing this amount in my ITR. Now I want to put the same in my ITR. When I put the same in sl. no 4 of sheet BS then one message has come " Sources of funds should be equal to utilisation of funds". Please advise me that in which column I put thisloan on sl no 5 of same sheet i.e. in miscellaneous expenses not written off or adjusted or deferred tax asset or PL account/accumulated balance. My source of income is home tutions and not maintaing the accounting books.
Regards
CAclubindia
