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what will be entry if fixed deposit mature & bank deduct
tds also on it

Answers were Sorted based on User's Feedback



what will be entry if fixed deposit mature & bank deduct tds also on it..

Answer / b.sarkar

Bank a/c Dr.
Income Tax Deducted At Source A/c Dr.

To Fixed Deposit A/c

Is This Answer Correct ?    50 Yes 10 No

what will be entry if fixed deposit mature & bank deduct tds also on it..

Answer / binod

1st
fd a/c dr
to bank(interest) a/c
2nd
tds a/c dr
to fd a/c

Is This Answer Correct ?    17 Yes 7 No

what will be entry if fixed deposit mature & bank deduct tds also on it..

Answer / dharmesh

Bank fd Principal Amt Rs - 5432476 Date 5/7/2015

Bank FD Maturity Amt Rs - 5463550 4/8/2015

Interest Rate 7.00

Renewal Account method Entry Please send to my email id

Is This Answer Correct ?    5 Yes 1 No

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