Krupa P
(study cs)
(61 Points)
CAN ANYBODY TELL ME HOW TO PREPARE HUNDI? FORMAT OF HUNDI?
FOR EXAMPLE LEELA CHEMICALS HAS CREDIT WITH ASHA LTD. ASHA LTD IS READY TO ACCEPT HUNDI SO IN THIS CASE HOW HUNDI WILL BE PREPARED? AMOUNT IS RS. 500000.
IS STAM REQUIRED ON HUNDI?
DO WE NEED TO CONTACT BANK FOR THIS?
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 17 July 2010
Dear,
Now a days hundis are rarely used. So there would be very few people who might be having knowledge on this.
CA Vijay Jain
(Chartered Accountant)
(176 Points)
Replied 22 July 2010
Hi Cepee
Basically Hundi is not in used currently however a lot of businessman uses it
The performa of Hundi is as under:
I proprietor/partner/director of M/s Leela Chemical has taken a loan of Rs 500000 from Asha Chemicals on today 22.07.2009 @ 1.5% per month.
i promise to pay this loan on 22.11.2009.
Thank You
CAclubindia
