Loan Repayment
This query is : Resolved
19 August 2010
Dear All,
For loan repayment EMI scheme which contain interest & principal EMI Due on every month but i paid in Delay Can i booked the same in this year and claim the the interest And The penal interest bis also an allowable expense?
For loan repayment EMI scheme which contain interest & principal EMI Due on every month but i paid in Delay Can i booked the same in this year and claim the the interest And The penal interest bis also an allowable expense?
19 August 2010
Until & Unless you have not paid interest, then why can book it expesnes.
As soon as intalment is paid then interst will be claimed.
Penal Interst will not be allowed.
As soon as intalment is paid then interst will be claimed.
Penal Interst will not be allowed.
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