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Section 372 A

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(Querist)
05 October 2010 my query is if a company is going to restructure the loan outstanding of any other company and the interest on loan amount is not booked for the FY 2009-10, Is it come under the default of section 372A??? plz update m soon....
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Ankur Garg

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Ankur Garg (Expert)
05 October 2010 To the best of my understanding interest on loan amount should be re-structured accordingly, being a part of principle amount.

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