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Itr v

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2011 respected sir
i have query regarding bank o/d.actually i confuse about bank o/d goes under which head in itr v balance sheet.because there is no any head in current liabilities. therefore may i enter under secured loan.please help me its urgent
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U S Sharma

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U S Sharma (Expert)
17 September 2011 yes its secured loans
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 September 2011 Generally, bank overdraft is secured by hypothecation of movable assets of the borrower. If that is your case,pl shown in 'secured loans'.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
17 September 2011 Yes, Agreed with Experts and also if not secured then May Show it as Unsecured
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