Sec 269ss
This query is : Resolved
CA Vasneet Kaur
(Querist)
09 September 2011
R/member
please clarify that whether interest credited to unsecured loan account is required to be shown in annexure of loan or deposit to audit report 3 cd.
and which amoun =t is to be shown in column maximum amount outstanding
please clarify that whether interest credited to unsecured loan account is required to be shown in annexure of loan or deposit to audit report 3 cd.
and which amoun =t is to be shown in column maximum amount outstanding
09 September 2011
If interest is credited in loan account,interest element is as good as loan amount and accordingly disclosure has to be made in 3CD.
CA Vasneet Kaur
(Querist)
09 September 2011
thanku sir but please clarify whether it ll be shown in amount accepted during the year column
10 September 2011
Yes,to be shown in clause 24(a) of form 3CD if either the interest alone or the interest plus current year borrowings exceeds the threshold limit.
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