https://www.taxtmi.com/acts?id=40482 Explanations 3C, 3CA and 3D are amended to provide that interest under the specified clauses converted into a debenture or any other instrument by which the liability to pay is deferred to a future date shall not be deemed to have been actually paid, aligning this rule with existing provisions treating conversion into a loan, borrowing or advance as not constituting actual payment and applying prospectively from the effective date. en-us Tue, 01 Feb 2022 14:50:13 +0530 Tue, 01 Feb 2022 14:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40482 Explanations 3C, 3CA and 3D are amended to provide that interest under the specified clauses converted into a debenture or any other instrument by which the liability to pay is deferred to a future date shall not be deemed to have been actually paid, aligning this rule with existing provisions treating conversion into a loan, borrowing or advance as not constituting actual payment and applying prospectively from the effective date. Act-Rules Bills Tue, 01 Feb 2022 14:50:13 +0530 https://www.taxtmi.com/acts?id=40482