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        Income Tax

        Section 43D - Special provision in case of income of public financial institutions, etc.

        Income-tax Act, 1961
        Part D
        Profits and gains of business or profession

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        Taxation of interest income: specified financial institutions must include interest on prescribed bad debts when credited or received. Section 43D requires specified financial entities to include interest relating to prescribed categories of bad or doubtful debts in taxable income in the year it is credited to the profit and loss account or, if earlier, the year it is actually received; key terms and covered entities are defined by statutory cross-reference.
                  Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                  Provisions expressly mentioned in the judgment/order text.

                      Taxation of interest income: specified financial institutions must include interest on prescribed bad debts when credited or received.

                      Section 43D requires specified financial entities to include interest relating to prescribed categories of bad or doubtful debts in taxable income in the year it is credited to the profit and loss account or, if earlier, the year it is actually received; key terms and covered entities are defined by statutory cross-reference.


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