Interest income on loan is doubtful to be realised
This query is : Resolved
10 June 2020
I have large income from interest on loans given. But now the interest income is doubtful to be received.
So do I have to include in my income as accruing or do I have to include it in my income in the next financial year only when it is received?
And suppose if I include it in my income as accruing and if it is not realised in the next financial year also; then what to do ?
So do I have to include in my income as accruing or do I have to include it in my income in the next financial year only when it is received?
And suppose if I include it in my income as accruing and if it is not realised in the next financial year also; then what to do ?
CA R SEETHARAMAN
(Expert)
10 June 2020
Include it in next year when it's received.
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