sec 269ss and sec 269t

This query is : Resolved 

13 October 2007 Is it ok if the client who is being audited, excludes interest accrued on deposits in the aggregate amount standing outstanding at he end of the year.ie if the interest has been directly credited to the vendors account.in other words deposits excludes any interest element......


15 October 2007 If interest is payable yearly then only its possible.




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