Personal loan interest in itr
Querist : Anonymous
A individual Assessee wrongly taken the interest paid amount on Personal loan Rs. 50k in his ITR for the AY 2016-17. But the Personal loan amount Rs. 3L and its using business.
Now., I got the books f accounts and found the details. In this situation
What are the steps taken myself for filing ITR...?
Can I reverse the Interest amount Rs. 50k in AY 2017-18? or
Can I continue taken the Interest amount as Expenses...?
Read more at: https://www.caclubindia.com/experts/personal-loan-interest-taken-in-itr-2626039.asp
Querist : Anonymous
In AY 2017-18 can i take the Interest portion as Expenditure account?
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