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 / 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
How will you calculate house rent allowance (hra)?
How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?
Explain the Calculation of Sales Tax?
if i have a comany take contract from gvt. & i take contract from that company, & in his bill he show about all tax deduction ike IT, WCT etc, but material is purchase by that company not by us so here i want to know how WCT applicable? on total amount of contract or according to rule like material service & after adding all things??
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.
how to calculate service tax on tds
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
what is the scope of business taxation in private company?
i wanna p.y tax assistant exam question paper Please send this as earlier as.
If we taken TIN No.for sale in intra & interstate , CST No.also required to take? ?
what are the slab rate for F Y 2010-11
what is cost taxation
HOW MANY FORM IS USED VAT AND CST, GIVE THEIR DETAIL E.G WHICH FORM WHERE IS USED. THANKS IN ADVANCE
What is the maximum amount to issue Form C to a dealer for the purchase of 40 crores in several bills in a quater?
Sir we have maintaint RG 23 Part I Excise Register manually but we can maintaint excise register in Tally erp 9 we tray but tally not show properly RG 23 Part I Excise register like manual. please guide & solve the problme.