Hello friends,
I am preparing 'statement of affairs' in response to a scrutiny:
Suppose, I have a FD of
principal 100Rs
Rate of interest = 12% compounded quarterly
Start date = Jan 1 2000
Maturity = 6 months
Now, suppose, on Mar 31, 2000
3 Rs interest is given
and 1 Rs TDS is deducted.
What value should I show for the FD in the 'statement of affairs' on Mar 31?
100+3
OR
100+3-1
Thank you.
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