schedules under section269ss and 269t

This query is : Resolved

Shivani Taneja (Querist)
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31 August 2009
When we prepare annexures under section 269ss and section269t regarding accepting and repayment of loan during the year At that time do we need to disclose details of all the unsecured loans,or only the details regarding those loans which have some change(i.e Either the loan has been Accepted or Repayed during the year)

Kaustuv

Kaustuv (Expert)
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31 August 2009 Details are to be provided for acceptance or repayment of loans/deposits (unsecured or otherwise)only if the amount is more than a specified limit, i.e., Rs. 20,000. These sections are not intended at the break up of closing balances, rather to the movement during the year.