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Moratorium Capitalisation

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What is moratorium Capitalisation ?

NBFC add amount in my outstanding loan amount, narration mentioned moratorium Capitalisation

outstanding loan as on 01.04.20

100000

After avail moratorium facility

NBFC add 8000 in my loan amount

loan as on 01.06.2020

108000

8000 Interest amount ?

TDS required on Rs. 8000 ?

How to pass accounting entries.
Replies (1)
No,Morethan Rs.40 Thousand/50 Thousand -In case of Banks -TDS Required.-10%

Other than banks -Morethan-Rs.Five Thousand.


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