Case law - genuiness of loan, Other Topics

[MANOJ KUMAR]

In case of loan, what should be the proper contents of affidavit or confirmation given by person who has given the loan so that geniunes of the loan can be established. any case law reference will be appreciated

Posts / Replies

[Rama Krishana]

Affidavit or confirmation is just a true statement of facts and circumstances upto the best belief of the deponent. Therefore, you have to find the relevant facts and details relating to loan given. The source of income / money may be established through ITR / source of income whether taxable or not etc. For drafting affidavit or confirmation, it is not necessray that it should not be less that one page or two page.