Question ID : 290
Charging of interest to profit and loss a/c if not charged by bank as a/c being NPA
The client, pvt. ltd. co. has taken loan that has become NPA for bank. Bank has not charged ter.
Assessee cims ter will not be charged i.e. provided for as not charged by bank.
what should be the position for ter charge to the profit and account.
Can audit report be qualified.
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