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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


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