My interest certificate for FY 2017-18 have three things 1) interest paid and 2) interest projected, 3) Sum of interest projected + interest paid.
So I want to know which one out of three things should be taken for tax calculation of taxable income as i have to pay income tax for FY 2017-18.
Menu
doubt in Interest Paid and Interest Projected
Replies (3)
As per my view Interest actually paid.
clear nhi hue baat.
"1) interest paid" should be considered in this case. Because some part of the "2) interest projected" will be in the "Interest Paid" section for next FY.
Atleast I follow this rule. Others may correct if this is wrong.
Recent Threads
- Revised Income tax return karna padega kya
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
Related Threads
CAclubindia
