Interest on loan from nbfc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 March 2016
if a company or firm taken loan and interest on such loan not paid before filing ITR due date whether interest will be disallowed under sectioin 43 b
Ankur Singhal
(Expert)
05 March 2016
Dear
It is allowed on actual payment basis.
Hence it will be disallowed.
It is allowed on actual payment basis.
Hence it will be disallowed.
Saket Jain
(Expert)
19 March 2016
If loan taken from Scheduled Bank, Financial Institution the 43B is applicable.
Ankur Singhal
(Expert)
19 March 2016
Dear
It is applicable in case the loan is taken from scheduled bank.
It is applicable in case the loan is taken from scheduled bank.
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