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.
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Tds on building rent monthly
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- Confusion around Form 26QB fields
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
