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Form 3cd

This query is : Resolved 

30 September 2014 whether maximum outstanding amount in loan account includes interest where such interest provided and paid on 31.03.2014.
EX.
Opening loan : 100000
Additions : Nil
Add:interest31.03.14: 10000
less: paid int. on 31.3.14: (10000)

Now let me know what is the max. outstanding amount at any time during the prev. year.

01 October 2014 you can write 100000 as at end of the day, the balance didnt exceed this amount.


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