If we have a company and there is no current account but have a saving account.
Now saving account give interest. So can we record interest as an income from other source.
Yes, you have to show these interest as Income.
Sajid Khan (66 Points)
22 June 2019
Kumar Sushank
(General Manager - Finance)
(1040 Points)
Replied 22 June 2019
Yes, you have to show these interest as Income.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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