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Cash Loans From Friends? You May Face Huge Income Tax Fines

Cash Loans From Friends? You May Face Huge Income Tax Fines

When borrowing money from your friends, it generally seems harmless, especially if there is an emergency. However, borrowing the same amount in cash could lead to an expensive income tax penalty.   Real Life Warning Tale Mohan borrowed ₹1 lakh in cash from a friend during a cash crunch. He is currently facing an equal […]

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