treatment of interest on FDR
This query is : Resolved
SANDEEP GOEL
(Querist)
31 August 2009
I want to know the treatment of interest received on FDR When the company is under operation and all revenue expenses is transferred to pre operative expenses head.
Is this income can be deducted from pre operative expenses head.
Is this income can be deducted from pre operative expenses head.
Ram Avtar Singh
(Expert)
31 August 2009
its under Interest received from bank
SANDEEP GOEL
(Querist)
31 August 2009
sir the company is under construction so there is no profit and loss. so we cant show interest on fdr under bank interest.waht should be done in this regard.
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