INTEREST IN BORROWING CAPITAL PRACTICAL PROBLEM

Please give the solved solution of this problem................

 

X borrowed Rs. 106000.00 @ 21% pa on 10/03/2001 (date of repayment of loan :-16/01/2010, date of completion of construction 06/03/2006 for the purpose of construction of the property. Beside on 10/04/2008 X borrows 215000.00 @ 18% pa for the reparing the House property.

Calculate Intt. on borrowing Capital??????????

,,,,,,,,,,,THANKS IN ADVANCE,,,,,,,,,,,,

Replies (2)

for which assessment year u would like to calculate interst amount

for the assessment year 2011-12

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