Whether interest included u/s 269 ss and 269 t?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
Whether Interest paid to Assessee who gives loan u/s 269 SS or 269 T included or not?
28 June 2013
Interest doesn't fall with in the purview of section 269SS. But, if interest is converted into loan and the aggregate of principal and interest cross the limit as in section 269SS the auditor has to report on the same.
Courtesy:- ICAI publication.
Courtesy:- ICAI publication.
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