Upgrad LLM

under section 56-clarification

M.Sc. (Maths) MBA (LLB)-DELHI UNI

Dear can you please help me that under action 56 of income tax, can an Individual get income tax benefit on the amount given an LOAN to their relatives, please clarify, did he need paper work i.e. any written documents for loan given thanks in advance, amresh
 
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