Tds

This query is : Resolved 

09 June 2014 ex...Bank given to Mr.x Amt 1cror...and interest rate is 12% PA...now what is entry in the books of bank with TDS and amount...plz help sir ...thanks

09 June 2014 Look Subhash TDS is not deducted on payment to Banks so the interest & principal amount will come as income to the bank(interest fig) without any deductions.


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