BANKING COMPANIES

Accountancy

How they find this value in schedule 13 for the current yr.. of interest/ discount??

Sathiya Bama

CA Final

★ 24K+

28-Jun-21 22:29

544

Answers (1)

1. Tax provision and Provision for doubtful debts to be shown separately as provisions and contingencies. 2. Loss on sale of investment to be deducted from profit on sale of investment. These amounts should be added back to Interest earned. (2045+ 148+92+12 = 2297)

Yoga Vishnu

CA Final

★ 11K+

29-Jun-21 10:16