Section 43B
This query is : Resolved
28 January 2020
Will Loan from Government be treated as Loan from Public financial Institution? Also if interest on such Government Loan, if pending repayment, be disallowed under Section 43B of Income Tax Act?
29 January 2020
You had taken loan from any institution (govt institution).
There are many Public Financial Institutions like.IFCI, SIDBI, RECL, IDFC, etc.
than disallowed
There are many Public Financial Institutions like.IFCI, SIDBI, RECL, IDFC, etc.
than disallowed
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