CARO
This query is : Resolved
22 June 2010
In caro it is asked in clause (iii) that whether the company is regular in repayment of interest and principal or not ?
In such a case what is to be reported if the repayment terms have not been decided and no repayment was done during the year even though interest payment is regularly made.
Thanks
In such a case what is to be reported if the repayment terms have not been decided and no repayment was done during the year even though interest payment is regularly made.
Thanks
22 June 2010
You can put the matter as follows:
"According to the explanations given to us the the company is regular in repayment of Interest on loan however repayment of principal amount of loan has not yet made by the company".
Regarding Finalization of Instalment amount for Loan repayment you should discuss the matter with the management as well as the Auditor signing the Balance sheet.
"According to the explanations given to us the the company is regular in repayment of Interest on loan however repayment of principal amount of loan has not yet made by the company".
Regarding Finalization of Instalment amount for Loan repayment you should discuss the matter with the management as well as the Auditor signing the Balance sheet.
Aditya Maheshwari
(Expert)
22 June 2010
You can also write
(g) As there is no stipulation as to repayment of the said loans the said clause 4 (iii) (g) is not applicable to the company.
(g) As there is no stipulation as to repayment of the said loans the said clause 4 (iii) (g) is not applicable to the company.
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
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Import Order Cancelled.
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
