Sec 269ss

This query is : Resolved

CA Vasneet Kaur (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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

CA Vasneet Kaur (Querist)
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09 September 2011 thanku sir but please clarify whether it ll be shown in amount accepted during the year column

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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