How can shown shop loan in balancesheet

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Service
49 Points Posted on 28 December 2016
how can i shown Shop Loan in Balancesheet? Can we get benefit of Shop Loan of Interest and principal in Tax Or Shown Interest in P&L
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On 28 December 2016 at 13:12 Report
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SEO Sai Gr. Hosp.
212453 Points Posted on 28 December 2016

No benefit over principal, but interest paid to bank can be deducted in P&L.

Loan amount is shown under loans and liabilities in BS.

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On 28 December 2016 at 13:19
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Service
49 Points Posted on 28 December 2016

thanks a lot Sir

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On 28 December 2016 at 13:26

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