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What does it mean
what does it mean that we have deducte interest to Bank from profit and lose account and in balance sheet liabilities side there is no loan ??
Replies (3)
Quick Summary
Maybe your paying dividends. check that out
Means we are deducting the expense which doesn't occur
How can you deduct interest if there is no loan in balance sheet!!!
I don't know but, help you with below case-
if interest is not paid but passed in the books of accounts then it is disallowed in the tax computation...
if same interest is paid, then amount which is disallowed earlier is allowed as an expense...
I don't know but, help you with below case-
if interest is not paid but passed in the books of accounts then it is disallowed in the tax computation...
if same interest is paid, then amount which is disallowed earlier is allowed as an expense...
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