1) On 01-04-2015 Mr Y paid Rs 100000/- to Mr X as Loan. Interest Rate is @ 12% p.a. 2) On 30-09-2015 Mr X Repaid a Sum of Rs. 30,000/- along with Interest. 3)On 31-03-2016 Mr Y Provision made for Balance Amount and interest. 4) On 01-06-2016 Mr X paid balane along with interest. Pass Necessary entries in the books of Mr Y & Mr X
Applicable TDS @ 10%
The accounting entries are attached in the excel file.
Synergy Keystone
Mumbai
CA
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Prish Consultancy LLP
New Delhi
B.Com
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Suraj Garg and Associates
New Delhi
CA Inter
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CCI
Pro
CAclubindia
