The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
- 11 Answers
- 48085 Views
- I also Faced
- E-Mail Answers
Answer Posted / sanjoy gharami
Bank / Cash A/c Dr. 522500/-
TDS Receivable A/c DR. 2500/-
To FD A/c Cr. 500000/-
To Interest Received A/c Cr. 25000/-
(Being Matured FD Amount transferred Cash / Bank A/c along
with Interest, TDS Deducted @ 10% thereon)
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Which is the section or rule for non submitting c forms panelty and interest
on earth moving road work which type of tax is applicable?
Hi, Can somebody help me to know whether WCT MVAt is applicable on catering service, if the caterer is uses his own material and labour for doing cooking in our premises and later the product is sold in the same premises for the employees. Kinldy advice whether WCT will be deducted on this.
AS PER VAT AUDIT WE HAVE REFUND OF RS.25000/- ON PURCHASE OF FIXED ASSETS WHICH WE DID NOT CLAIM LAST YEAR, NOW WHAT ENTRY SHOULD WE PASS IN BOOK. ITS URGENT
Explain long term capital gains and how is it different from short term capital gains?
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
How can deduct tds from auction cases (timber)
What doyou mean by assesment order? and for what purpose it will be passed?
sub hadding no. scrap & Wastage in corrugated box
WHAT IS EXCISE DUTY RATE IN HARYANA for RMC
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
Explain the procedure to calculate provident fund, esi, vat and sales tax.
Which income is considered as accrued income?
