269 t
This query is : Resolved
04 August 2014
I the proprioter of audited firm I have taken unsecured loan of 5,00,000 rupees. during the year I have paid the interest but not any amount towards principal amount the interest amount is 50,000 So my equerry is whether this interest payment is considered as repayment of loan under 269 T as repayment of loan
04 August 2014
yes since int arises only due to existence of loan and its just an extention of loan amount named as int.
05 August 2014
agreed with Tushar. please refer to CBDT clarification on this issue through circular No. 479 [F. No. 225/47/86-IT(A.II)], dated 16-1-1987.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Taxation on Old jewellery sold
- Itr processing refund
- Multiple payment of self assessment tax for A Y 2025-2026
- Error in uploading Form 10BD
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
