Interest on loan and tds on interest working
This query is : Resolved
17 May 2017
Party which he taken 20,00,000 loan at 12% on 7.3.2016 so i need working of interest & TDS for conformation
17 May 2017
_int 240000(2000000*12%)
tds 24000(240000*10%)
18 May 2017
but the previous accountant Pass JV of 15781 as interest And 10% tds Rs 1578
Working (2000000*12% = 240000 , then 240000/365 = 657.53 then 657.53*24 = 15780.82 )
is it right or wrong
thank you for feedback
but the previous accountant Pass JV of 15781 as interest And 10% tds Rs 1578
Working (2000000*12% = 240000 , then 240000/365 = 657.53 then 657.53*24 = 15780.82 )
is it right or wrong
thank you for feedback
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