Disclosure in tax audit of loan taken u/s 269ss

Tax queries 2315 views 1 replies

Whether the amount of interest accrued and credited to the account of the lender would be considered as the loan taken/accepted under Section 269SS of the Income Tax Act, 1961?

Also whether it is also required to be disclosed in the Tax Audit report in Form 3CD?

Replies (1)

Interest accrued and credited is not to be reported under 269SS


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