TMI BlogInterest free loan from non-relativeX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether interest free loan 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... same. (Pradeep Gupta) - Reply 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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same shall be taxable. - Reply 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 franchis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee are paying service tax - Interest free loan from non-relative - Query Started By: - Pradeep Gupta Dated:- 23-5-2007 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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