1. Home
  2. Question
  3. Is reporting required even if default exists for 1 day?
Questions › Category: CARO › Is reporting required even if default exists for 1 day?
0 Vote Up Vote Down
Sarvesh KoushikSarvesh Koushik asked 6 years ago
Question Tags: ,
3 Answers
0 Vote Up Vote Down
RaviRavi Staff answered 6 years ago

Yes it should be reported, if amount is material

0 Vote Up Vote Down
Sarvesh KoushikSarvesh Koushik answered 6 years ago

Is reporting required if default is made good subsequently in the year?

0 Vote Up Vote Down
RaviRavi Staff answered 6 years ago

reporting will be required in current year even if its made good, we can specify that now default is settled.
no reporting in next year report as default is settled