Accounts

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%