Accounting
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2014
Hello Sir/madam,
Now a days Savings a/c have one facility of auto sweep.
i want to know that how it appears in books of a/c of individual...
and what about its interest?
plz ans.
Now a days Savings a/c have one facility of auto sweep.
i want to know that how it appears in books of a/c of individual...
and what about its interest?
plz ans.
06 August 2014
its just a transfer entry of money moving to deposit a/c
Message likes :
1 times
06 August 2014
SB a/c intt under the income from other sources.
06 August 2014
SB a/c intt taxable under the income from other sources.
06 August 2014
he is not asking about taxation part..........
06 August 2014
ideally, you should make a corresponding entry by credit the saving bank a/c (in your books) and debiting the deposit a/c (in your books).
In balance-sheet, given the current nature of both the accounts, both shall be clubbed under "Balance with Banks"
In balance-sheet, given the current nature of both the accounts, both shall be clubbed under "Balance with Banks"
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
