Which causes more harrasment not paying tax or not paying loan.

[Chandaneagle687]

C

Chandaneagle687
PARTICIPANT
March 21, 2025 at 3:58 pm

Taking above example, which will invite more trouble.

Let’s take tax amount on 40L,

Loan of about 8L.

Was curious to know.

In 1st case is money is ones own, 2nd case money which he owes.

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[Sonaliknight376]

S

Sonaliknight376
PARTICIPANT
March 21, 2025 at 4:03 pm

In case of loan depends what kind of loan and which bank or NBFC gave it to you

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[Chandaneagle687]

C

Chandaneagle687
OP
March 21, 2025 at 4:05 pm

Normal gov affiliated bank loan.

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[Sonaliknight376]

S

Sonaliknight376
PARTICIPANT
March 21, 2025 at 10:52 pm

The answer will always be taxes, not paying taxes is a crime under IPC, while loan is a civil case and max your Cibil gets impacted in case of unsecured loan and your collateral gets forfeited in case of secured loan

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[Chandaneagle687]

C

Chandaneagle687
OP
March 22, 2025 at 2:29 am

So someone can take 10L loan runaway and face no consequences.

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[Sonaliknight376]

S

Sonaliknight376
PARTICIPANT
March 23, 2025 at 9:46 am

If unsecured, than yes

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