Saturday, October 31, 2009

Loan taken from bank

When I was studying at school load had been taken by my mom to build our home. She had been told that if she took loan from bank then it will be easier for her to manage tax papers. But actually that wasn’t true. Now she had to submit loan money which was double from actual money. And loan money wasn’t good enough to build the house. Our money had earned from abroad by our parent were tax free. But my father didn’t deposit all money in bank but out side to the brokers. So they don’t have all documents of this money so couldn’t show the tax people… my suggestion is to all don’t take loans as long as possible. Other wise you will get stuck for paying much more than actual expenditure.
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