Where to show loan returned to family member in itr-4 ?

ITR 583 views 2 replies

Working

87 Points Joined November 2015

Respected Sir/Madam,

in the previous year, i had shown loan taken from family member in UNSECURED LOANS( FROM OTHERS) in the balance sheet of itr-4 form

this year i will be returning that loan,

please guide me where to show that returned loan in balance sheet of itr-4 form

thank u :)

Replies (2)

1410 Points Joined March 2015

You simply have to reduce the returned amount from the loan shown earlier. It is not shown separately.

Working

87 Points Joined November 2015

Thank u Madam for ur quick and accurate reply.

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