Interest calculation base
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2012
when the personal loan introduced in the firm, how the rate of interest is calculated?
taking the denometer as the 12 months or 365 days?
How the rate of interest is calculated?
suppose follwing is the situation----
date mentioned on cheque/;--18-sept 2012
date submitted to borrower ---21 sept 2012
cheque is deposited in bank--23 sept 2012
cheque is cleared in bank 25 sept 2012
on which date interest to be required to cal ?
what is the correct way to calculate the int rate working from the legal point?
taking the denometer as the 12 months or 365 days?
How the rate of interest is calculated?
suppose follwing is the situation----
date mentioned on cheque/;--18-sept 2012
date submitted to borrower ---21 sept 2012
cheque is deposited in bank--23 sept 2012
cheque is cleared in bank 25 sept 2012
on which date interest to be required to cal ?
what is the correct way to calculate the int rate working from the legal point?
RAMESH KUMAR VERMA
(Expert)
19 September 2012
I AM POSTING THE CALCULATOR IT IS CLEAR:
https://allbankingsolutions.com/fdcal.htm
https://www.interestcalculator.co.in/
if u have any query ask eminent expert will assist u..
https://allbankingsolutions.com/fdcal.htm
https://www.interestcalculator.co.in/
if u have any query ask eminent expert will assist u..
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 credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
