Interest free loan from non-relative

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..... Interest free loan from non-relative
Query (Issue) Started By: - Pradeep Gupta Dated:- 23-5-2007 Last Reply Date:- 3-11-2008 Income Tax
Got 2 Replies
Income Tax
Whether interest free loan .....

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..... taken from a non-relative, would be included in income of the receipient. Pl give any case laws or authoritative opinion, if any. If yes, pl suggest the ways to overcome the same. (Pradeep Gupta) Re .....

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..... ply By Surender Gupta: The Reply: If it is returnable over a certain period, such loan shall not be included in the income. However, in case it is one time transaction, the same shall be taxable. Repl .....

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..... y By Hanumanthaiah D.T: The Reply: Service tax liability in case of Franchise agreement - whether the francisor is liable to pay service tax in case even if franchisee are paying service tax
Discu .....

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..... ssion Forum - Knowledge Sharing .....

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