Regarding 269ss & 269t

Hi all

Can anybody please guide me weather only interest on unsecured loan should be disclosed u/s 269T, there are no other payments except interest. 

 

Thanks & Regards

Replies (1)
Originally posted by : Zeba Qureshi
Hi all
Can anybody please guide me weather only interest on unsecured loan should be disclosed u/s 269T, there are no other payments except interest. 
Thanks & Regards

To be reported, if interest payment exceeds Rs. 20,000 (even if interest liability is discharged by transfer entry).

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