need some help about section

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rupeshssss
Posts: 2
Joined: Thu Sep 06, 2012 11:13 pm

need some help about section

Post by rupeshssss »

Hi,

please find tax calculation for
for financial year 2010-11

My total earnings 531347
loss from the property -69857 home loan
income from others -2088
profit from business - 461342
loss from salary - 36197
deduction under chapter 6A 111193
total taxable income 318577
non taxable income 150000/-

now i have given 1 lac rupees loan to my relative so where should i mentioned that amount.Please help with the section to be mentioned here so that i can mentioned that and save that tax amount.
Please conform the the exact section amount for following things

1 lac rupees loan given and 70000 rupees taken from friend

thanks
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