doubt in Interest Paid and Interest Projected
NITISH MIGLANI (29 Points)
22 March 2018So 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.
NITISH MIGLANI (29 Points)
22 March 2018
Palak Rawal
(Student CA FINAL)
(388 Points)
Replied 22 March 2018
Vunu
(Developer)
(135 Points)
Replied 23 March 2018
"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.