https://www.taxtmi.com/forum/issue?id=121136 The issue is whether the net outstanding borrowing used for application should be excluded or disallowed in computing application of income for that year, despite the full borrowed amount having been used. It further concerns whether repayment changes the amount reportable as application, and the appropriate reporting treatment of borrowing-based application and repayment in the income-tax return and Form 10B. en-us Wed, 23 Sep 2026 18:08:15 +0530 Wed, 23 Sep 2026 18:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121136 The issue is whether the net outstanding borrowing used for application should be excluded or disallowed in computing application of income for that year, despite the full borrowed amount having been used. It further concerns whether repayment changes the amount reportable as application, and the appropriate reporting treatment of borrowing-based application and repayment in the income-tax return and Form 10B. Discussion-Forum Income Tax Wed, 23 Sep 2026 18:08:15 +0530 https://www.taxtmi.com/forum/issue?id=121136