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 ?
CAclubindia
