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Personal loan unpaid

Tax queries 352 views 2 replies
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Accounts
106 Points Posted on 07 September 2023

Hi 

if any personal loan is unpaid should the amount be capitalised or considered as an income in accounts? Amount is approx 50lakhs?

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On 07 September 2023 at 11:14 Report
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CFO- at NHTF
58280 Points Posted on 08 September 2023
Should be considered as income once it is officially not payable
59 Reply
On 08 September 2023 at 16:55
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Profession Business
28207 Points Posted on 11 September 2023
Loan is a liability not income.
44 Reply
On 11 September 2023 at 08:24


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