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Term Loan - Home Loan Interest

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15 May 2024 Dear Sir,

Please suggest Proprietor have 2types of Term Loan - Home Loan and Yearly Interest from Home Loan for FY 2023-24 Rs.800000/- So can we adjust Home Loan Interest with Proprietor,s Capital account. Or its mandatory to show under PNL account

Please suggest

15 May 2024 Yes, if it should be posted under proprietor's capital account.

15 May 2024 Thank you Very Much Sir,

15 May 2024 You are welcome.

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