MSMED interest

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Neetal Jain (Querist)
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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

taxindiaconnect

taxindiaconnect (Expert)
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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.

Neetal Jain

Neetal Jain (Querist)
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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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