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Term Loan - Home Loan Interest

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(Querist)
15 May 2024 Dear Sir,

Please suggest Proprietor have 2types of Term Loan - Home Loan and Yearly Interest from Home Loan for FY 2023-24 Rs.800000/- So can we adjust Home Loan Interest with Proprietor,s Capital account. Or its mandatory to show under PNL account

Please suggest
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 May 2024 Yes, if it should be posted under proprietor's capital account.
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Amandeep Singh

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Amandeep Singh (Querist)
15 May 2024 Thank you Very Much Sir,
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 May 2024 You are welcome.

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