Section 24(b)
This query is : Resolved
24 December 2009
Hello!
An individual claim the benefit of interest on borrowed capital on accrual basis or on payment basis under section 24(b)?
An individual claim the benefit of interest on borrowed capital on accrual basis or on payment basis under section 24(b)?
24 December 2009
On payable basis.
24 December 2009
agree.
25 December 2009
Yes it is accural basis
26 December 2009
It is on accrual basis not on payable
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