A/c head in which interest on tds should be debited ?
This query is : Resolved
05 March 2014
We have paid interest in the cur fin.year 2013-14 on TDS for the FY 2009-10, 2010-11, 2011-12 and 2012-13 as per various tds demand notices recd in cur.year.
To what a/c should this be debited ?
Prior period exp or interest exp.in current year ?
Pls tell the appropriate a/c head under p&l.
Thanks & Rgards
Arun
We have paid interest in the cur fin.year 2013-14 on TDS for the FY 2009-10, 2010-11, 2011-12 and 2012-13 as per various tds demand notices recd in cur.year.
To what a/c should this be debited ?
Prior period exp or interest exp.in current year ?
Pls tell the appropriate a/c head under p&l.
Thanks & Rgards
Arun
05 March 2014
Debit to Ledger(Interest on TDS) with adequate Narration by providing details of demand notice for which it is paid
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