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(URGENT)Exemption on Loan to friends and relative, Income Tax |
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(URGENT)Exemption on Loan to friends and relative |
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I gave interest free loan to my friend and relative of around 1 lakh this year and last week I got to know that I can claim tax exemption on this. As of now I submit ITR-1 for return but I dont see any column to claim exemption for this in ITR form. So can someone please advice me how to claim tax exemption for this and does it come under 1.5L limit of 80C . Also what proof do I need to submit for exemption. Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query Old Query - New Comments are closed. |
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