On FD interest TDS will be deducted. let me know how to pass that entry.
Suppose FD interest is 1100 including TDS 100 net is 1000
Answers!
I have a FD for Rs.1300000 (deposited on 01.08.2016) with a maturity amount of Rs.1356649 matured on 01.08.2017. Then i have renewed the entire maturity amount on 01.08.2017. Now how can i entry this transaction of FD renewal in Tally ERP 9.0. Please help me sir
Comment
Bank A/c Dr 1000( Amount Received in bank)
Tds Receivable A/c Dr 100 (Tds Deducted)
To Interest Income 1100 ( Total Bank Interest)
Answer the question...
I have a FD for Rs.1300000 (deposited on 01.08.2016) with a maturity amount of Rs.1356649 matured on 01.08.2017. Then i have renewed the entire maturity amount on 01.08.2017. Now how can i entry this transaction of FD renewal in Tally ERP 9.0. Please help me sir
Comment
Bank A/c Dr 1000( Amount Received in bank)
Tds Receivable A/c Dr 100 (Tds Deducted)
To Interest Income 1100 ( Total Bank Interest)