cpc

whether to show to income tax det

Part time Employee/ student of BL

Person A said that he Taken money 2Lk from person B in the year 2007

my question is :

Whether the person B has to show 2 Lk given to person A  in his income tax filing 2007 or not

Whether the 2lk give as hand loan or for intrest (does it matters)

 
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Advocate

sir , these are two way of answer

asper ur qurey that the amount given by way of  cheque then the payer must shown that amount.

if he show then the receiver also need to show it.

if the transaction is not by that way then both should not show it

one show the recard in his book then the other will be questioning. if by cash both should not show it

 

 
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Part time Employee/ student of BL

In a case Person A said he taken money from Person B
 
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Part time Employee/ student of BL

so now can we ask the person b to submit the IT filed copies for that year

 
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