tax audit

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Priyanka Agrawal (Querist)
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01 September 2010 With regards to Sec.269t of the Income Tax Act, is interest amount to be included in the repayment amount for purposes of form 3CD. For eg. if loan amount is Rs 100000 and interst is Rs 10000/. now if we repay full loan amount including interest, then what amount to be shown in coloumn 'Amount of Repayment'of form 3CD???

CA Sanat Pyne

CA Sanat Pyne (Expert)
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01 September 2010 yes . total repayment amount including interest should be shown.

Priyanka Agrawal

Priyanka Agrawal (Querist)
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01 September 2010 sir,
if we donot repay any amount, then will Rs 10000/- (ie interest) will be shown in the coloumn ' Amount of loan/deposit taken or accepted' u/s 269SS of form 3CD????

CA Sanat Pyne

CA Sanat Pyne (Expert)
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01 September 2010 YES THE INTEREST AMOUNT TO BE ADDEDD WITH LOAN.

YOU CAN GIVE YOUR MAIL ID.
I WILL PROVIDE YOU THE ANNEXURE FORMAT FOR 269SS and 269T

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