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In this computation of interest subsidy, shouldn't we account for tax benefit lost due to less interest paid, i.e. instead of 3 lakhs of subsidy 3(1-0.35) ?

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Lalit Sanpal

Lalit Sanpal

CA Final

6K+

08-Jun-23 13:09

208

Answers (1)

Firstly pls share the question number always - will revert faster The formula itself is defined as pre tax value of int subsidies disc at pre tax disc rate pls check page 10.4 https://resource.cdn.icai.org/67848bos54415-cp10.pdf


Sriram Somayajula

Sriram Somayajula

Admin

08-Jun-23 19:36

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