Clause 23 of form 3cd

Yes u have to mention

as per sec 40(2) only "expenditure made in respect of which payment is made" phrase is used.. so u don't need to mention the loan amount in clause 23 instead any loan given/taken is reported as per clause 31 which is coved u/s 269SS(loans taken in cash or non account payee cheque >20000) and sec 269T (Loan given in cash otherwise than through account payee cheque>20000)

further some amendments are notified in clause 31 kindly consider them before reporting.

40A(2)