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Q. > Please Help: ITR 4 - how to show interest free Unsecured loan in PART BS
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356 views • Question added Dec 02, 2014 • Income Tax • By Raj


Dear Experts,

In ITR 4 (AY 2014-15), if we want to show in Person A ITR that he has given interest free unsecured loan to blood relative, then should it come under:

Loans and advances:

1 Advances recoverable in cash or in kind or for value to be received?

2. Deposits, loans, and advances to corporates and others?

Also, where it should be show in Person B ITR 4 (receiver) ?

And, what is the maximum period for which interest free unsecured loan can be given?

Thanks,

Raj

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