When method of accounting is Cash basis
When Interest on f.d will book...When interest accrued or recieve?...this income reflect in 26 A.S
Menu
Interest on F.D
Replies (5)
FD interest Received is to be accounted.
but what about Interest accrued and it is shown in 26 A.S..if it will not accounted than it will showing diffnce between 26 AS and books of accounts
Show it in year of receipt.
If query will come from department inform them about cash accounting system.
| Originally posted by : Shakir Ravjani | ||
 |
but what about Interest accrued and it is shown in 26 A.S..if it will not accounted than it will showing diffnce between 26 AS and books of accounts |  |
You will show it Accrued With receivables mode/accounting
WHEN ACTUALLY RECEIVE
Recent Topics :
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
- Compliance under Society Act 1860
- Hi experts need help
- How to object stamp duty value if property is sold
- Residential House property and it's loan can shown
- Income Tax Department Website Error While Importin
Related Topics :
CAclubindia
