We have given below Format of the Independent Auditor's Report on Standalone Financial Statements under the Companies Act, 2013 As Applicable from Financial Year 2014-15.
PFA
Interest is nothing more than the cost someone pays for the use of someone else's money. Homeowners, credit cards users etc know about this scenario very well. They borrow money from bank and in return they pay interest to bank for using the privilege.
PFA
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