What is moratorium Capitalisation ?
NBFC add amount in my outstanding loan amount, narration mentioned moratorium Capitalisation
outstanding loan as on 01.04.20
100000
After avail moratorium facility
NBFC add 8000 in my loan amount
loan as on 01.06.2020
108000
8000 Interest amount ?
TDS required on Rs. 8000 ?
How to pass accounting entries.
No,Morethan Rs.40 Thousand/50 Thousand -In case of Banks -TDS Required.-10%
Other than banks -Morethan-Rs.Five Thousand.
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