July 2017 edition
On page 15.14, Illustration 3 - part (iii)
How has the interest of 10,400 on recurring deposit been calculated ?
Please provide the formula....
Menu
CA Final DT - TDS chapter - ICAI Material
Replies (1)
| Month | Amount invested per month | Rate of Interest | No of months outstanding | Interest=ExFxG/12 |
| apr | 20,000.00 | 8% | 12 | 1,600.00 |
| may | 20,000.00 | 8% | 11 | 1,466.67 |
| jun | 20,000.00 | 8% | 10 | 1,333.33 |
| jul | 20,000.00 | 8% | 9 | 1,200.00 |
| aug | 20,000.00 | 8% | 8 | 1,066.67 |
| sep | 20,000.00 | 8% | 7 | 933.33 |
| oct | 20,000.00 | 8% | 6 | 800.00 |
| nov | 20,000.00 | 8% | 5 | 666.67 |
| dec | 20,000.00 | 8% | 4 | 533.33 |
| jan | 20,000.00 | 8% | 3 | 400.00 |
| feb | 20,000.00 | 8% | 2 | 266.67 |
| mar | 20,000.00 | 8% | 1 | 133.33 |
| 10,400.00 |
Recent Topics :
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
Related Topics :
CAclubindia
