Section 43B: Certain tax deductions allowed only on actual payment

Last updated: 02 February 2022

Clarification regarding deduction on payment of interest only on actual payment 1. Section 43B of the Act provides for certain deductions to be allowed only on actual payment. Explanation 3C, 3CA and 3D of this section provides that a deduction of any sum, being interest payable on loan or borrow

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