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Audit u/s 44ab

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 August 2011 Sir i want of know in case of tax audit u/s 44AB where u/s 269T we have to give the amount of repayment whether payment of interest for two years is to be considered as repayment which is included in the opening balance of loan and where the loan amount is rs 160000 and interest payment of rs 16000. plz its urgent. thanks in advance.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
26 August 2011 If payment of interest more than 20k and has been transferred to loan then the same is reportable.
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