Sandeep Kanoi's C. A. SANDEEP KANOI

A blog for chartered accountants & other account
professionals provide info and updates on indian legal law,
taxation matters, accounting and finace matters.

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S. 43B Overdue interest converted into loan allowable only on payment

Updated 1 Year Ago

Explanation 3C to section 43B provides that interest payable can only be allowed to an assessee when the same is actually paid and any interest which has been c
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