If interest receivable on Loans,Advances, Debentures, investment held was taxable earlier on accrual basis but subsequently sold and not received will be allowed as deduction??
If yes which section?
1 Replies
Puneet Taneja
(Finance Professional)
(1149 Points)
Replied 05 October 2020
In my opinion It won't be allowed as Deduction. You can also confirm the Answer from Somewhere else as i am not 100% sure about it.
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