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Moratorium interest capitalisation NBFC

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Accountant
3479 Points Joined August 2014
What is the accounting entries for moratorium interest capitalisation

Is TDS applicable on Interest
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On 14 July 2021 at 09:12 Report
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STUDENT
1631 Points Joined August 2017
Yes, It's due 1st -So TDS Applicable.

Post-normal -Interest Payable (Current Liability ) Entry.
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On 14 July 2021 at 09:18
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Chartered Accountant
24588 Points Joined November 2019
Yes TDS is applicable on moratorium
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On 14 July 2021 at 09:26
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Accountant
3479 Points Joined August 2014
Thank you Mr. Balamurali & Sourav

NBFC add moratorium interest amt in outstanding loan account and increase tenure

what is the accounting entry ?
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On 14 July 2021 at 09:44
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STUDENT
1631 Points Joined August 2017

Credit the interest portion, debit the principal amount.

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On 14 July 2021 at 15:41
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Accountant
3479 Points Joined August 2014
Mr. Balamurali Ji,

not understand your accounting entry

below entry is right, please check

Interest account Dr.
Lender account Cr.
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On 14 July 2021 at 16:09
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STUDENT
1631 Points Joined August 2017

What about the principal portion.

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On 14 July 2021 at 16:17
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Accountant
3479 Points Joined August 2014
Lender account means

Aditya Birla Loan A/c - Amount (Principal outstanding)
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On 14 July 2021 at 16:44

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