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Section 269ss and 269t

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2011 while making the disclouser of loan or deposit accepted during the previous year , should we include the amount of interest that we credit into lender's a/c at the end of the year or is it purely the amount that we accept or take through banking channels?
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
13 September 2011 No you need not to consider interest credited for the purpose of 269T but it also should be pay through banking channels for the purpose of 269SS.
OM SAI SRI SAI JAI JAI SAI
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