If a loan issued on 20.01.2020 with a 1-year due date i.e., on 20.01.2021, after completion of 20th jan 2021 on 21st of jan 2021 it becomes overdue is it correct. Please correct me if I'm wrong.
Menu
DIFFERENCE BETWEEN DUE DATE AND OVERDUE DATE OF A LOAN
Replies (5)
Yes it becomes overdue
Yes, after due date if payment is not made then such loan account will be treated as overdue
Thanks for reply sir.
| Originally posted by : Sourav | ||
 |
Yes, after due date if payment is not made then such loan account will be treated as overdue |  |
That means due date and overdue date are not same both are different. Is it correct sir.?
Yes, both are not same
Recent Threads
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
Related Threads
CAclubindia
