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
- 48058 Views
- I also Faced
- E-Mail Answers
Answer Posted / sujit jha
BANK A/C. DR. 522500
T.D.S. RECEIVABLE A/C. DR. 2500
TO F.D. A/C. 500000
TO INTEREST ON F.D. A/C. 25000
(BEING F.D. MATURED AND T.D.S DEDUCTED ON INTEREST ON F.D.)
| Is This Answer Correct ? | 13 Yes | 5 No |
Post New Answer View All Answers
what is fbt@ ,sd @
Please tell me the process of generation of TDS in Tally ERP-9 with an Example
What are the various forms used for VAT?
Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?
Hello! My annual salary is @ Rs.6,00,000/-. What would be the TDS applicable for me per annum/per month. I am also contributing to EPF @ Rs.9360/-.
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
what is CST % applicable on garments sales to other state?
what is fillup form when company issue c form
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
updated rates of sales tax & VAT in Maharashtra
who will able to deduct the tds
i want about TDS full details with Limit,Rate and Entry in Tally ?
In one year how many times tds, service tax, and Mvat is paid?
what is excise return, what is form requirement and what is procedure for excise return?
