jaise hum bank cc limit k interest ko pay to karte ni wo accrue hota raheta h limit me to qa cc limit ka interest as expenditure p & l me debit ni hoga beacuse to pay ni hota to section 43B of i.tax me cover ho kar disallow ho jayega. please ans (yes or no) reason k sath de, briefly. aur agar p & l me debit ni ho sakta to qa treatment hoga.
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Section 43b of i.tax
Replies (2)
Dear,Nishant int on Bank O/d is diffirent from int on Bank loan and int on Bank Int is allowed as a deduc on accrual basis and the prov of sec 43B shall not apply.Anyway nice query.
| Originally posted by : Saurabh | ||
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Dear,Nishant int on Bank O/d is diffirent from int on Bank loan and int on Bank Int is allowed as a deduc on accrual basis and the prov of sec 43B shall not apply.Anyway nice query. |
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hmmm but ek CIT ne disallow kar diya h CC limit par interest.
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