12 June 2012
I have an FDR Rs.5,00,000/- as on 31.03.2011. On 14.06.2011 the FDR matured alongwith interest Rs. 534060/-. On 17.06.2011 reinvest the FD to Bank. The Bank issued me a Interest & TDS Certificate as on 31.03.2012. The interest comes to Rs.44316/- and TDS Rs. 3711/-.
Rate : 6.75%
FD Amount : 5,00,000/- & Maturity Value : 5,37,086/-
DOI : 20.05.2010- & DOM : 14.06.2011
I got on Maturity Rs. 5,34,060/- and Reinvest on 17.06.2011.Effective Rate of Interest Rs.8.75%.
Need EXPERTS advice for making entry in my books of Accounts.
CAclubindia
