Hi,
Suppose I had a loan of Rs 2000000 and outstanding interest of Rs 150000. Now, after applying, I got 70% wavier.
Now, will this 70% we my income in my financial statements? will they be subject to income tax?
Hi,
Suppose I had a loan of Rs 2000000 and outstanding interest of Rs 150000. Now, after applying, I got 70% wavier.
Now, will this 70% we my income in my financial statements? will they be subject to income tax?
No, the amount waived will not be charged to Income Tax.
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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SMJ global advisors pvt ltd
New Delhi
B.Com
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SMJ global advisors pvt ltd
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