https://www.taxtmi.com/acts?id=47922 The substituted section defines chargeable interest of a credit institution as total interest accruing or arising in a previous year, excluding interest on loans and advances to other credit institutions; interest relating to categories of bad or doubtful debts under income tax law is deemed to accrue in the year it is credited to the profit and loss account or, if earlier, when actually received. en-us Mon, 27 Jan 2025 15:15:40 +0530 Mon, 27 Jan 2025 16:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47922 The substituted section defines chargeable interest of a credit institution as total interest accruing or arising in a previous year, excluding interest on loans and advances to other credit institutions; interest relating to categories of bad or doubtful debts under income tax law is deemed to accrue in the year it is credited to the profit and loss account or, if earlier, when actually received. Act-Rules F. Acts / Amendment Acts Mon, 27 Jan 2025 15:15:40 +0530 https://www.taxtmi.com/acts?id=47922