24 February 2014
Suppose A bank provide concessional loan to its employees at simple interest, But at the time of Recovering the Loan, it Recovers Firstly The Whole Principal then it recovers the interest component.... Now Plz Suggest how the valuation Of Perquisite is to be done??? Is it correct that we should calculate the Accrued Interest & Calculate the value of Perquisite? OR there is any other method of this type of Calculations????
24 February 2014
On accrual basis valuation of perquisites yearly, you can calculate the recovery also yearly basis and different can be valued as perquisites
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