what should be the maximum outstanding balance in this case?
a loan is taken if rs 100000 and interest paid rs.10000 as a result maximun bal.rs.110000 and also tds is deducted of rs.1000 as a result maximun o/s balance becomes rs.109000..now my query is that whether max. outstanding balance is taken at a point of time or at the day end?
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Replies (2)
Max. amount outstanding in the a/c at any time during the PY.
it means rs.110000 maximum in this case
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