The Bank FD matured. The amount was Rs.500000, Interest was
Rs.25000, The TDS was 10%, What is Journal Entry for this.
Answer Posted / robin goyal
Bank / Cash A/C ...... Dr. 5,22,500/-
T.D.S Receivable A/C ...... Dr. 2,500/-
To F.D A/C ....... 5,00,000/-
To Intt. A/C ..... 25,000/-
Is This Answer Correct ? | 7 Yes | 1 No |
Post New Answer View All Answers
type of sale and purchase tax?
If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
I am an employee in a IT Company. While filling out the form it prompts to fill - Details of Tax deducted at source from Salary (as per form16) and then it again prompts to fill - Details of Advance tax and Self Assessment Tax. if i fill both the columns, i get end result as 2 times of Tax i paid and a refund.
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
please tell me friends what are the formats of excise return and vat return?
if i paid interest on tds for ex:- tds deducted on rent for the month of april, may, june rs. 20000 each for month and tds paid on 7th july then i have to pay interest @ 1.5% for rs. 1200 , 900 , 600 respectively , so i wanted to know what is the entry for rising of this interest in accounting software other than tally
what is deemed sales? how to calculated
How to reconcile a Vendor who is a supplier as well as a Contractor?
why charges PURCHASE @ 15 % TAX RATE ?
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
how to filing rt-1
what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
What is income tax? How is it calculated?