Regarding section 269ss & 269t

This query is : Resolved 

20 September 2011 Dear sir,
suppose i was taken loan in last year Rs.500000/- & interest paid in current year Rs.40000/-whether i required to report in tax audit in column no 2(amount of Loan deposit taken or accepted) and Report in column 3 (Amount of Repayment)
sir please advice me,its too urgent

20 September 2011 If the interest is routed through the loan account, then apply the provisions of 269SS and 269T for Rs.40,000.

20 September 2011 if Credited to loan A/c & paid on same day ,then also


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