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Accounting entry of interest on fdrs

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Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2017 Bank gives quarterely interest on FDRs. Suppose i invested Rs.100000 in FDR on 01.04.17 and on 30.06.17 Bank gives interest Rs.1000 and TDS deducted Rs.100 then this interest to be recorded in books as on 30.06.17 or on 31.03.17(alongwith other quarters interest)

RAJA P M

RAJA P M (Expert)
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18 August 2017 You are Individual or business person. If business person means you deal business and you ask entry in business account... If yes. You don't want enter the FD interest in that accounts. It's enter only your personal account and it's calculate in computation window in ITR....

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 October 2021 Even if you wish to enter in your personal account; the date to which the same entered is on 30.06.2017. Similarly for all 4 quarters separately.

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