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269ss
my opening balance of loan taken is 10 lacs and in c.y there is no additional or repayment and there is interest I have to pay, so I passed journal entry and I have not paid in c.y by chq or cash.... so should I show it in 269ss or not????? please reply....
Replies (4)
No need....... no cash transacted.
as I haven't paid the interest amount it's a loan only????
no need to show
since their is no repayment and it's only a journal entry..
for the purpose of sec 269SS/T amount by way of journal entry is not considered
since their is no repayment and it's only a journal entry..
for the purpose of sec 269SS/T amount by way of journal entry is not considered
and to consider max outstanding loan, int should be considered?
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