Interest Income
This query is : Resolved
01 July 2009
I have FD with Bank and recived interest 150000 I have taken loan with this Fd and paid Interest 175000.
and OD amount which i take from bank in this i recived Interest 220000.
my question is that.
Interest on FD - 150000
Intrest Recived On
loan(As invested) - 220000
Less Interest Paid on Fd- 175000
Interest Income On Loan 45000
Interest from other sources 195000
Am i Right or Not Please Reply . I have not adjusted interest on loan amount from fixed deposit interest.
and OD amount which i take from bank in this i recived Interest 220000.
my question is that.
Interest on FD - 150000
Intrest Recived On
loan(As invested) - 220000
Less Interest Paid on Fd- 175000
Interest Income On Loan 45000
Interest from other sources 195000
Am i Right or Not Please Reply . I have not adjusted interest on loan amount from fixed deposit interest.
01 July 2009
What about Rs. 45000?. You have to consider the amounta also.
02 July 2009
Then, you are right. The computation is correct
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