banner_ad

Total Income if TDS on accrued Interest!

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 April 2011 Sirs/Madams.
What would be the Income if the TDS on FD statement from bank states the accrued interest as 54000/-
and TDS on the accrued interest as 5400/-

1) Will the total income for last FY from bank Interest be calculated as 54,000/- (-) 5,400/- = 48,600/-
or as 54000/- only

2) Also if i do not deduct this TDS amount from the accrued interest now won't the total FD interest at maturity be minus the TDS the bank has deducted on accruels.

The Total Income calculation gets affected greatly if an incorrect calculation is done!
Profile Image

CA MANOJ GUPTA

Profile Image

CA MANOJ GUPTA (Expert)
23 April 2011 INCOME WLD BE RS 54OOO

CA MANOJ GUPTA
JODHPUR
09828510543
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 April 2011 If the Income is to be taken as 54000 then where will TDS be adjusted!
If I am not wrong then the Bank will at the time of maturity deduct the TDS amount so calculated from the total and I will have a big liability with all the accrued Interest! which I would have shown as income but which never came to me!!
Profile Image

Aashok Kumar Sharma online

Profile Image

Aashok Kumar Sharma online (Expert)
02 August 2025 https://docs.google.com/document/d/1yVte7Fa97yNiWY9Mco0iDTSHQuhuPBW0kM5rXIrPHX8/edit?usp=sharing
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details