AY 2017-18
The assessee has accrued interest liability on unsecured loans., however before filing ROI, the actual payment was not made.
Is this claim of expense allowed from business income?
if not, then under which section it can be disallowed?
Menu
Interest accrued on unsecured laon
Replies (3)
Unsecured loan from whom ?
From non banking or financial company..
such as other business entities and individual
such as other business entities and individual
Interest on loans from these entities are not covered under 43B. And hence question of its dis-allowance doesn't arise.
Recent Threads
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
Related Threads
CAclubindia
