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Write entry for interest receivable from bank Rs. 15000 TDS
2250.

Answer Posted / sakthivelan

Bank A/c Dr. 13500
Adv. Income Tax A/c Dr. 1500
To Interest (Income) A/c 15000

Note:
1. Percentage of TDS on bank interest is 10%
2. TDS deducted on our receipt can be a/cted under Advance
Income Tax A/c

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