Disclosure in tax audit of loan taken u/s 269ss

CA.AZAD JAIN (CA) (201 Points)

30 May 2013  

Whether the amount of interest accrued and credited to the account of the lender would be considered as the loan taken/accepted under Section 269SS of the Income Tax Act, 1961?

Also whether it is also required to be disclosed in the Tax Audit report in Form 3CD?