CARO
This query is : Resolved
22 June 2010
In caro it is asked in clause (iii) that whether the company is regular in repayment of interest and principal or not ?
In such a case what is to be reported if the repayment terms have not been decided and no repayment was done during the year even though interest payment is regularly made.
Thanks
In such a case what is to be reported if the repayment terms have not been decided and no repayment was done during the year even though interest payment is regularly made.
Thanks
22 June 2010
You can put the matter as follows:
"According to the explanations given to us the the company is regular in repayment of Interest on loan however repayment of principal amount of loan has not yet made by the company".
Regarding Finalization of Instalment amount for Loan repayment you should discuss the matter with the management as well as the Auditor signing the Balance sheet.
"According to the explanations given to us the the company is regular in repayment of Interest on loan however repayment of principal amount of loan has not yet made by the company".
Regarding Finalization of Instalment amount for Loan repayment you should discuss the matter with the management as well as the Auditor signing the Balance sheet.
22 June 2010
You can also write
(g) As there is no stipulation as to repayment of the said loans the said clause 4 (iii) (g) is not applicable to the company.
(g) As there is no stipulation as to repayment of the said loans the said clause 4 (iii) (g) is not applicable to the company.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
