Interest in fixed deposit
This query is : Resolved
04 February 2014
I have a fixed deposit with SBI for Rs.50000/- for 3-years, after three maturity value will be Rs.64300/-
now please tell me how to show this Fixed Deposit in my Balance Sheet.and IT return
what amount Rs.50000/-only or including interest, if interest what will be for 1st year...
now please tell me how to show this Fixed Deposit in my Balance Sheet.and IT return
what amount Rs.50000/-only or including interest, if interest what will be for 1st year...
04 February 2014
YOU HAVE TO SHOW IN RETURNS EVERY YEAR WHAT INTEREST YOU EARNED AND FOR YEARLY INTEREST DETAILS YOU CAN OBTAIN SEPARATE BANK STATEMENT FOR F.D PURPOSE FROM YOUR BANK.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Gst Sales of FY 2023-24
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Legal heir raised refund , but refund issued to the closed account of deceased.
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
