Interest on FDR
This query is : Resolved
Mahendra Patel
(Querist)
24 March 2011
hi,
please advise me when interest on fdr to be credited in the books of accounts, and also what entry should be made at the time of Form-16 received considering TDS on FDR.
please advise me when interest on fdr to be credited in the books of accounts, and also what entry should be made at the time of Form-16 received considering TDS on FDR.
CA Navin Jain
(Expert)
24 March 2011
YES INTEREST ON FDR TO BE CREDITED IN THE BOOKS
WHEN U RECEIVED FORM 16, PASS FOLLOWING ENTRY
TDS RECEIVABLE- DR
TO INTEREST INCOME
WHEN U RECEIVED FORM 16, PASS FOLLOWING ENTRY
TDS RECEIVABLE- DR
TO INTEREST INCOME
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