One of My Clients Need Housing Loan of Rs.30 lac.Repayment period 240 Months. and Monthly EMI Rs.20,000. My query is What amount Should I show as Net Profit in Profit and Loss a/c?
One of My Clients Need Housing Loan of Rs.30 lac.Repayment period 240 Months. and Monthly EMI Rs.20,000. My query is What amount Should I show as Net Profit in Profit and Loss a/c?
Around 6 lakhs (assuming no other EMI/liability)
Sir,
Could I know how it will be Calculated?
Thumb rule for Home loan........... maximum 60 times monthly take home salary.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View Details
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
