BG Ltd. Issued 2,000, 12% Debentures of ₹ 100 each on 1st April, 2012. The issue was fully subscribed. According to the terms of issue, on the debentues is paypble half-yearly on 30th September and 31st March and the tax deducted at source is 19%.
Pass necessary Journal enteries related to the debenture interest for the half- yearly ending 31st March, 2013 and transfer of interest on debentures of the Statement of Profit and Loss.

Explanation

It is assumed that interest and TDS was paid on 31st March, 2013. Hence, entry for payment is made.