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
Zeba Qureshi (Student CA IPC / IPCC) (35 Points)
05 September 2013Hi 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
Deepak Gupta
(CA Student)
(15927 Points)
Replied 05 September 2013
Originally posted by : Zeba Qureshi | ||
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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 |
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To be reported, if interest payment exceeds Rs. 20,000 (even if interest liability is discharged by transfer entry).
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