Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.

Answers were Sorted based on User's Feedback



The Bank FD matured. The amount was Rs.500000, Interest was Rs.25000, The TDS was 10%, What is Jou..

Answer / anand chauhan

BANK A/C DR. 450,000
TDS RECEIVABLE A/C DR. 50,000

TO, FIXED DEPOSIT A/C 475,000
TO, INTEREST RECEIVED A/C 25,000

Is This Answer Correct ?    0 Yes 1 No

Post New Answer

More Taxation Interview Questions

In wct limit is Rs.5lac if vendor provide bill below 5lac wct will applicable or it aggregate I need deduction of wct 5lac slap

0 Answers   NSCI,


WHAT IS TCS & DIFFINATION

1 Answers  


We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?

1 Answers  


can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2008-09

6 Answers   JG Group,


we are deducting tds for our clients under section 194C section. exemption under this section is Rs.20000 suppose if a client bills more than Rs.20000, then i have to deduct tds only for above Rs.20000/- bills or from the first bill onwards.please clear me with as example

2 Answers  


what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)

0 Answers   TATA,


How to make a bill of software sale with service tax?

0 Answers  


how many types of VAT?

3 Answers   L&T, Samiah International Builders,


We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

0 Answers   Capital IQ,


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

0 Answers   RS Construction,


WHAT WOULD BE THE RATE OF DEPRECIATION OF RAILWAY SIDING AT STRAIGHT LINE METHOD UNDER COMPANIES ACT?

0 Answers  


wats the journal entry for payament of Company's Income Tax & under what head does income tax comes in TAlly

2 Answers  


Categories