https://www.taxtmi.com/acts?id=18281 Income on non-performing assets shall be recognised only on actual realisation and previously recognised unrealised income must be reversed in the following year's profit and loss. Mortgage loans must be classified as Standard, Sub-standard, Doubtful or Loss with specified provisioning percentages on aggregate outstanding amounts, with allowance to exceed those percentages. Collateral realisable value may be deducted where sale proceedings were initiated within the previous two years. Loans against gold, silver or jewellery require recovery or renewal within a limited cure period, after which unrealised amounts must be provided and income not recognised; loan to value is capped. en-us Mon, 31 Mar 2014 18:54:29 +0530 Wed, 18 Mar 2026 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18281 Income on non-performing assets shall be recognised only on actual realisation and previously recognised unrealised income must be reversed in the following year's profit and loss. Mortgage loans must be classified as Standard, Sub-standard, Doubtful or Loss with specified provisioning percentages on aggregate outstanding amounts, with allowance to exceed those percentages. Collateral realisable value may be deducted where sale proceedings were initiated within the previous two years. Loans against gold, silver or jewellery require recovery or renewal within a limited cure period, after which unrealised amounts must be provided and income not recognised; loan to value is capped. Act-Rules Companies Law Mon, 31 Mar 2014 18:54:29 +0530 https://www.taxtmi.com/acts?id=18281