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Section 24(b)

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Abhishek (Querist)
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24 December 2009 Hello!
An individual claim the benefit of interest on borrowed capital on accrual basis or on payment basis under section 24(b)?

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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24 December 2009 On payable basis.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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24 December 2009 agree.

Ravinder (Expert)
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24 December 2009 agree

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 December 2009 Yes it is accural basis

CA H M JOHARI

CA H M JOHARI (Expert)
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26 December 2009 It is on accrual basis not on payable

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