credit of interest
This query is : Resolved
Mahendra Patel
(Querist)
24 March 2011
Please suggest that when interest on FDR to be credited in books of accounts.After received of Form 16A what entry should be made in books of accounts considering tds deducted on interest. please reply soon.
Regards:
Mahendra Patel
Regards:
Mahendra Patel
SANDEEP AGGARWAL
(Expert)
24 March 2011
Interest may be credited on due basis or cash basis as per method of accounting adopted by you.
Amount of TDS deducted may as per form 16A may be transferred to TDS account from the interest receivable account.
Regards,
Sandeep Aggarwal
Amount of TDS deducted may as per form 16A may be transferred to TDS account from the interest receivable account.
Regards,
Sandeep Aggarwal
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