Fdr interest

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2014 where shall we show fdr interest in capital ac or in income expenditure ac

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 it will be shown in income and exp a/c if fdr is of professional firm's name but if its personal then under capital a/c

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Querist : Anonymous

Querist : Anonymous (Querist)

28 August 2014 what abt nsc interest sir wud it also be shown in similar manner?

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 yes any int income will be treated as above only

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Rupesh Jain (Expert)
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28 August 2014 fdr show in firm then book in business otherwise in prop. capital a/c.

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