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Section 24(b)

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(Querist)
24 December 2009 Hello!
An individual claim the benefit of interest on borrowed capital on accrual basis or on payment basis under section 24(b)?
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
24 December 2009 On payable basis.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
24 December 2009 agree.



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Ravinder

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Ravinder (Expert)
24 December 2009 agree
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 December 2009 Yes it is accural basis
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CA H M JOHARI

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CA H M JOHARI (Expert)
26 December 2009 It is on accrual basis not on payable

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