Interest on unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 April 2015 as now from 01/04/2014 company cannot accept deposits/loans from shareholders.
interest accrued on unsecured loan(accepted before 01/04/2014) which is not considered as deposits is yet not paid.
does it considered as loan /deposit accepted during the year.
actually its o.s expenses payable.
please give your suggestions.

20 April 2015 Yes, you are correct. It will not be considered as deposit accepted during the year.



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