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Tax Audit clause 24 (a) rws 269 SS

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(Querist)
14 September 2009 Whether assets taken on finance lease will be covered under clause 24 (a) of tax audit r.w.s. 269 SS , assesse has shown the lease liability as an unsecured load and capitalised the leased assets
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
14 September 2009 IT IS NOT LOAN , IT IS AMOUNT PAYABLE AGAINST PURCHASE OF ASSETS
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CA HANI

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CA HANI (Querist)
14 September 2009 will it a difference if it shown under the grouping of secured and unsecured loan in the audited accounts




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