How to treat in my books of accounts
This query is : Resolved
19 January 2023
Entry at the time of investment
6.67% GOI (Investment) --46,37,500
Accrued Interest GOI Bond ( Investment) -1,30,620.83
To Party A/c 47,68,120.83
Now accrued interest received on dated
15-06-2022
Bank A/c Dr. 1,30,620.83
To Interest accrued GOI Bond 1,30,620.83
15-12-2022
Bank A/c Dr. 1,30,620.83
To Interest accrued GOI Bond 1,30,620.83
Now my question is that for twice accrued interest received how to treat in my books of accounts of Rs. 1,30,620.83+1,30,620.83 =2,61,241.6
6.67% GOI (Investment) --46,37,500
Accrued Interest GOI Bond ( Investment) -1,30,620.83
To Party A/c 47,68,120.83
Now accrued interest received on dated
15-06-2022
Bank A/c Dr. 1,30,620.83
To Interest accrued GOI Bond 1,30,620.83
15-12-2022
Bank A/c Dr. 1,30,620.83
To Interest accrued GOI Bond 1,30,620.83
Now my question is that for twice accrued interest received how to treat in my books of accounts of Rs. 1,30,620.83+1,30,620.83 =2,61,241.6
20 August 2023
At the time of receipt of interest use Accrued Interest GOI Bond ( Investment)
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
- Tax on Deemed Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Grand in aid
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Gst on travel by air for business purposes
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
