what is cash credit limit please give me answer in detail
Answer Posted / kinchit chawla
cash credit limit is the maximum amount sanctioned by a bank for your short term working capital requirement. it differs from short term loan. a short term loan attracts interest for the entire period for which loan is sanctioned and the principal amount is credited to your current account. in case of cc limit the amount is not credited to your current account. you can withdraw that amount any time and interest will be charged only for that period for which you have used that amount. cc limit is given only to highly credible customers of a bank.
| Is This Answer Correct ? | 51 Yes | 9 No |
Post New Answer View All Answers
what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???
How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
How to working service tax in excel sheet?
When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
sir mai ek bar cst online tax payment kar raha tha to sar maine tac par na click kar ke interst par click kar di ho mai kya karu please give a anwers
What do u mean by sales tax and who are sales tax practitioner ?
what is form 8? what are all the details to be collected while buying c form
procedure to get Raw Material free of excise duty under Central Excise Act,
What is FBT & Service Tax Remittances?
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
which purchases is profitable for us a building material purchases from direct of contactor ?
type of sale and purchase tax?
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)