accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 December 2009
what is the meaning of penal interest?
plz help me..
plz help me..
05 December 2009
It is generally charged by Bank/financial institution, where borrower does not comply with the terms and conditions of loan sanctioned.
for example in case Cash credit limit, borrower is supposed to stock statement everymonth with in givin due date, if statement will not be submitted in due date bank may charge extra interest on the outstanding amount.
for example in case Cash credit limit, borrower is supposed to stock statement everymonth with in givin due date, if statement will not be submitted in due date bank may charge extra interest on the outstanding amount.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 December 2009
thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Rental income of jointly held property
- NRI INSURANCE ADVISOR
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
