Fixed deposit interest
This query is : Resolved
04 January 2019
A fixed deposit made for 90 days and on the maturity date i.e., before the end of the year ,the fixed deposit is not with drwan,at the end of the year ,how to treat the interest and fixed deposit in accounting
Rupesh Jain
(Expert)
04 January 2019
take intt certificate from bank and show as fdr+intt in balance sheet.
KAVIRAJA ADDANGADI
(Expert)
05 January 2019
Accrued interest is taxable under income from other sources, Accrued interest can be added to FDR to that extent FD amount will Be Debited And interest will be credited .
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