Tds

This query is : Resolved

sanjay (Querist)
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28 December 2013 Dear Sir,

which entry in tally FD interest directly credited by bank and directly deduction tds by bank, so how can enter in tally --- which ledger and group

@VaibhavJ

@VaibhavJ (Expert)
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28 December 2013 Hi

You can ask bank to provide statement and on the basis of you can pass entries.

Thanks

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sanjay

sanjay (Querist)
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28 December 2013 i have also bank statement and tds certificate

@VaibhavJ

@VaibhavJ (Expert)
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28 December 2013 Hi

For FD interest:

FD with Bank A/c Dr..
...To Int. on FD A/c

For TDS

Adv Tax / TDS A/c Dr..
.. To FD with Bank A/c

Thanks

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sanjay

sanjay (Querist)
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28 December 2013 dear sir which group

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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28 December 2013 Suppose Interest is Rs 100 and TDS is Rs 10.

Fixed Deposit A/c Dr Rs 90
TDS Receivable A/c Dr Rs 10
To Interest A/c Rs 100

If the interest is directly transfered to Bank A/c then:

Bank A/c Dr Rs 90
TDS Receivable A/c Dr Rs 10
To Interest A/c Rs 100

FD to be shown in Cash and Cash Equivalents under Current Assets. TDS receivable to be shown under Current Assets.

Interest (Indirect Income)

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sanjay

sanjay (Querist)
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30 December 2013 Dear Sir,

how to entry in tally payment of trademark certificate, with ledger and group

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 December 2013 Trademark A/c Dr .....(Fixed Assets/Intangible)
To Cash / Bank A/c

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