Term Loan - Home Loan Interest
This query is : Resolved
Quick Summary
Amandeep Singh
(Querist)
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
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
Dhirajlal Rambhia
(Expert)
15 May 2024
Yes, if it should be posted under proprietor's capital account.
Message likes :
1 times
Amandeep Singh
(Querist)
15 May 2024
Thank you Very Much Sir,
Dhirajlal Rambhia
(Expert)
15 May 2024
You are welcome.
Message likes :
2 times
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