Dear Friends
my client a company has taken term and CC loan from banks. and the accounts become NPA in last year. as per banksing norms banks has not debited interest in customer account. my question is "whether my client has to make provision for interest on those loans". and what is the disclosure requirements.
further he has applied the OTS is it change the impact?
please help
thanks in advance
interest accounting for a NPA bank loan by a company
Abic and Mani Chartered Accountants
Kottayam
B.Com
View Details
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
