Tds

This query is : Resolved

sanjay (Querist)
Follow

28 December 2013 Dear Sir,

which entry in tally FD interest directly credited by bank and directly deduction tds by bank, so how can enter in tally --- which ledger and group

@VaibhavJ

@VaibhavJ (Expert)
Follow

28 December 2013 Hi

You can ask bank to provide statement and on the basis of you can pass entries.

Thanks

Message likes : 1 times

sanjay

sanjay (Querist)
Follow

28 December 2013 i have also bank statement and tds certificate

Upgrade to CAclubindia Pro. Subscribe Now!

@VaibhavJ

@VaibhavJ (Expert)
Follow

28 December 2013 Hi

For FD interest:

FD with Bank A/c Dr..
...To Int. on FD A/c

For TDS

Adv Tax / TDS A/c Dr..
.. To FD with Bank A/c

Thanks

Message likes : 1 times

sanjay

sanjay (Querist)
Follow

28 December 2013 dear sir which group

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

28 December 2013 Suppose Interest is Rs 100 and TDS is Rs 10.

Fixed Deposit A/c Dr Rs 90
TDS Receivable A/c Dr Rs 10
To Interest A/c Rs 100

If the interest is directly transfered to Bank A/c then:

Bank A/c Dr Rs 90
TDS Receivable A/c Dr Rs 10
To Interest A/c Rs 100

FD to be shown in Cash and Cash Equivalents under Current Assets. TDS receivable to be shown under Current Assets.

Interest (Indirect Income)

Message likes : 1 times

sanjay

sanjay (Querist)
Follow

30 December 2013 Dear Sir,

how to entry in tally payment of trademark certificate, with ledger and group

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

30 December 2013 Trademark A/c Dr .....(Fixed Assets/Intangible)
To Cash / Bank A/c

Upgrade to CAclubindia Pro. Subscribe Now!