Loan and Gift Treatment
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Topic starter
07/08/2024 5:53 pm
I have a case that, 1st Father give loan to his son in 2022 and then he write-off the loan
to treat it in FBR, previously it was shown as loan and then the same amount was added in income tax return as gift received (for inflow) and the same amount previously received as loan (removed), i need any judgment on this case
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