https://www.taxtmi.com/forum/issue?id=118151 Taxpayer treated a loan from parents as a capital receipt after the parents' death; tax authorities have issued a notice seeking to recharacterise the amount as income from other sources. Resolution hinges on the original nature of the transfer, documentary evidence of indebtedness and repayment terms, and the legal effect of the parents' demise on the outstanding loan; the taxpayer has been asked to provide the notice and loan facts to the adviser for further analysis. en-us Sun, 11 Sep 2022 12:32:01 +0530 Thu, 23 Jan 2025 15:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118151 Taxpayer treated a loan from parents as a capital receipt after the parents' death; tax authorities have issued a notice seeking to recharacterise the amount as income from other sources. Resolution hinges on the original nature of the transfer, documentary evidence of indebtedness and repayment terms, and the legal effect of the parents' demise on the outstanding loan; the taxpayer has been asked to provide the notice and loan facts to the adviser for further analysis. Discussion-Forum Income Tax Sun, 11 Sep 2022 12:32:01 +0530 https://www.taxtmi.com/forum/issue?id=118151