Tds on fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2012
What will be the entry of TDS on FD?
Shall I enter it in the capital A/c?
And if I enter it in the capital A/c, will there any problem??
Guide me...
Shall I enter it in the capital A/c?
And if I enter it in the capital A/c, will there any problem??
Guide me...
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 July 2012
I think it will be treated as an expense in the p/l a/c...
09 July 2012
if you have giving interest on FD and deducting TDS then
Interest on FD A/c Dr
To FD No
FD no A/c Dr
To TDS payable
if you are getting interest on FD then
Bank A/c Dr
TDS receivable A/c Dr
To interest on FD
Interest on FD A/c Dr
To FD No
FD no A/c Dr
To TDS payable
if you are getting interest on FD then
Bank A/c Dr
TDS receivable A/c Dr
To interest on FD
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