Dear Members,
What will be the classification of Interest from Bank FD for an NBFC ( micro finance ). Whether it will be classified as direct income or indirect income.
Prakash Deep (4 Points)
15 July 2016Dear Members,
What will be the classification of Interest from Bank FD for an NBFC ( micro finance ). Whether it will be classified as direct income or indirect income.
Praveen Tawania
(Owner)
(369 Points)
Replied 20 July 2016
Dear Member,
Interest on Loan is Indirect Income.
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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