Electricity board gives interest upto 31.03.2011 of500000 on security deposited. it deducts and deposits the tds100000 in the m/o may and balance400000 is adjusted in the bill of May. Now the problem here is that income is of previous year ending 31.03.2011 but the Tds certificate is issued for the financial year 2011-12. how can the entry be booked in accounts?
Interest received from Electricity board 2010 but TDS certificate of 2011
pryan (prop) (55 Points)
04 June 2011
CAclubindia
