Interest to depositors

Others 519 views 1 replies

HELLO FRIENDS, MY CLIENT HAS NOT ACCEPTED ANY LOAN DURING THE YEAR BUT PROVIDE INTEREST ON ALREADY TAKEN LOANS. WHETHER THIS INTEREST IS ALSO TO BE REPORTED U/S 269SS OR NOT.

PLS. HELP ME.

THANKS.

Replies (1)

no. it is only required to be reported in sec. 40A(2)(b) if it has been paid to a related party


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