Fdr interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2014 where shall we show fdr interest in capital ac or in income expenditure ac

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

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Querist : Anonymous (Querist)
28 August 2014 what abt nsc interest sir wud it also be shown in similar manner?

28 August 2014 yes any int income will be treated as above only

28 August 2014 fdr show in firm then book in business otherwise in prop. capital a/c.


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