Dear Members,
What will be the classification of Interest from Bank FD for an NBFC ( micro finance ). Whether it will be classified as direct income or indirect income.
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Interest on bank fd whether direct or indirect income
Replies (3)
It is indirect income
Dear Member,
Interest on Loan is Indirect Income.
It is NBFC has deposited in bank, i couldn't understand clearly
if nbfc business is investing in deposits then it is a direct income...
or if the question is you have invested in an fd then it is an indirect income
if nbfc business is investing in deposits then it is a direct income...
or if the question is you have invested in an fd then it is an indirect income
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