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MSMED interest

This query is : Resolved 
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(Querist)
26 June 2009 Hi this Neetal Jain........

Can anyone plz say me that the interest which is calculated as per MSMED act 2006 to be shown in books of accounts i mean a provision need to made or a disclousure is sufficent.......

Plz reply soon,....its urgent
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taxindiaconnect

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taxindiaconnect (Expert)
26 June 2009 I am not a expert to comment upon this query, however from the logic it seems that provsions need to be made in the books and then the disclosure is required to be made.
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Neetal Jain

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Neetal Jain (Querist)
26 June 2009 thanks.........i ve just seen the company balance shhe they even made the provision and then made a disclousure.....
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