sec 269ss and sec 269t
This query is : Resolved
13 October 2007
Is it ok if the client who is being audited, excludes interest accrued on deposits in the aggregate amount standing outstanding at he end of the year.ie if the interest has been directly credited to the vendors account.in other words deposits excludes any interest element......
Late CA Sampat Jain
(Expert)
13 October 2007
no
15 October 2007
If interest is payable yearly then only its possible.
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