Hi
if any personal loan is unpaid then will it be treated as income or capitalised?
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Personal loan not paid back
Replies (7)
Quick Summary
It will be under liability till the external confirmation received.
You may need to treat it as income
You may need to treat it as income
In personal books.
If no confirmation is received then it remains as loan under liabilities
After receiving confirmation can it be treated as income? The amount is approx 50lakhs
Yes. It should be income only
No, It's not an income.
It's will capitalize...
It's will capitalize...
If it is not entered or registered in books then it is ok
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