Income Tax Act: Gift Reclassified as Loan Should Be Added in Year Granted, Not When Reclassified.

Income Tax Act: Gift Reclassified as Loan Should Be Added in Year Granted, Not When Reclassified. https://www.taxtmi.com/highlights?id=6462 Additions u/s 68 and section 2(22)(e) - addition made is on account of gift which is nothing but loan - addition if any could have been made in the year of loan - AT en-us Sat, 12 Jan 2013 22:23:52 +0530 Sat, 12 Jan 2013 22:23:52 +0530 TaxTMI RSS Generator Income Tax Act: Gift Reclassified as Loan Should Be Added in Year Granted, Not When Reclassified. https://www.taxtmi.com/highlights?id=6462 Additions u/s 68 and section 2(22)(e) - addition made is on account of gift which is nothing but loan - addition if any could have been made in the year of loan - AT Highlights Income Tax Sat, 12 Jan 2013 22:23:52 +0530 https://www.taxtmi.com/highlights?id=6462