Interest on fd
This query is : Resolved
01 December 2013
how to do accounting of fd interest .
will the fd interest treated as income at the end of the year.
01 December 2013
Account for the interest based on your form 16A. Interest part shown in Form 16A (that is interest accrued) should be taken into income and TDS deducted thereon should be treated as Advance tax and credit to be taken in the return of the said previous year.
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