How to pass entry (portfolio management entry)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2014
DEAR SIR,
I AM INVEST IN HDFC PORTFOLIO ,AS ON 14-APRIL-2014 I HAVE RECEIVED PRINCIPAL AMT ,INTEREST AFTER DEDUCTING TDS ,WHAT ENTRY I SHOULD PASS AS ON 31-MARCH-2014 BECAUSE THIS IS AMT TILL 31-MAR-2014
I AM INVEST IN HDFC PORTFOLIO ,AS ON 14-APRIL-2014 I HAVE RECEIVED PRINCIPAL AMT ,INTEREST AFTER DEDUCTING TDS ,WHAT ENTRY I SHOULD PASS AS ON 31-MARCH-2014 BECAUSE THIS IS AMT TILL 31-MAR-2014
Nikhil Kaushik
(Expert)
13 June 2014
the investment account shall remain as it is. for the interest/income portion, if you are following accrual accounting, you may create an interest receivable (at gross level) position as current asset.
in cash basis, you dont have to account for the income at all as on 31 march 2014.
in cash basis, you dont have to account for the income at all as on 31 march 2014.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- TAX AUDIT ON PROFESSIONAL INCOME
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Oct 2025 Invoices
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
