Whether loan under 372a of companies act includes interest?
This query is : Resolved
03 July 2013
Whether loan under 372A of companies act includes interest u/s 372A and if yes if accrued interest is to be included for calculating the limits under 372A?
03 July 2013
Hi
No, It will not includes, generally loan amount is given and interest is as charge against the loan so it will not be considered for the purpose of calculating limit under section 372A.
No, It will not includes, generally loan amount is given and interest is as charge against the loan so it will not be considered for the purpose of calculating limit under section 372A.
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