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.
SMJ global advisors pvt ltd
New Delhi
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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