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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2018 i taken loan from some friends as unsecured loan of rs 50lac. now i have to pay interest and need to deduct tds on it.now my query is i have to pay interest amount to party before 31st march? or i can pay in April ?

29 March 2018 You will pay interest in April also

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 March 2018 Thanku for reply.now please can tell me how to pass entry for claiming dat interest in current year profit loss.

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Expert : Anonymous

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Expert : Anonymous (Expert)
29 March 2018 If You booked interest in the month of March then You can do it under Provision.... Then pay it April...

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2018 can you explain journal entry please


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