Loan or Deposit: money advances repayable on demand or after a period fall within specified income-tax transaction rules. The term Loan or Deposit is defined in one income-tax provision as a loan or deposit of money. In the related provision it means any loan or deposit of ... Summary
Loan or Deposit: money advances repayable on demand or after a period fall within specified income-tax transaction rules.
The term Loan or Deposit is defined in one income-tax provision as a loan or deposit of money. In the related provision it means any loan or deposit of money repayable on demand or after a period and, for persons other than companies, includes loans or deposits of any nature.
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