Spilt of term loan into current and non - current liabilites
This query is : Resolved
11 February 2015
I took a vehicle term loan , so as on 31.03.2015 , the term loan is to be spilt into current and long term liabilities , the portion of term loan repayable within a year will be classified as current liabilities and beyond one year it will be grouped under long term liability , so what shall be basis of division
is it the EMI amout to be grouped into current and non - current liabilities or the principal amount ignoring the interest
is it the EMI amout to be grouped into current and non - current liabilities or the principal amount ignoring the interest
11 February 2015
the principal amount is to be broken into CURRENT and NON CURRENT.
e.g. balance as on 31/03/2015....1,00,000
after paying all the EMI for 2015-16 what is going to be the balance as on 31/03/2016...say 80,000
So 1,00,000 to be split as 20,000 current and 80,000 non current.
Figures are in INR
e.g. balance as on 31/03/2015....1,00,000
after paying all the EMI for 2015-16 what is going to be the balance as on 31/03/2016...say 80,000
So 1,00,000 to be split as 20,000 current and 80,000 non current.
Figures are in INR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 2 Short Term gain & Long term gain
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 1: Details for showing Exempt Income
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
