it any unsecured loan accepted and repayment exceeds 20000 then it will shown in 269ss and 269 t
the question is that .
suppose unsecured loan 526840 then ai end of year i paid 15200 interest and 26500 loan accetance.
can we taken accetance of loan as well as interest of loan as acceted loan ?
Yes u show in 269SS & 269T
OM SAI SRI SAI JAI JAI SAI
Yes,Interest is to be included as acceptance if Credited to unsecured loan account.However include net interest after TDS..
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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