https://www.taxtmi.com/acts?id=6585 Chargeable interest of a credit institution is the total interest accruing or arising in the previous year, excluding interest on loans and advances to other credit institutions or cooperative banking societies. Interest relating to bad or doubtful debts is deemed to accrue in the year it is credited to the institution's profit and loss account or actually received, whichever is earlier. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 04 Mar 2009 15:43:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6585 Chargeable interest of a credit institution is the total interest accruing or arising in the previous year, excluding interest on loans and advances to other credit institutions or cooperative banking societies. Interest relating to bad or doubtful debts is deemed to accrue in the year it is credited to the institution's profit and loss account or actually received, whichever is earlier. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6585