Question
What is the posting of TDS Receivable in balance sheet
Question Submitted By :: Smita
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Re: What is the posting of TDS Receivable in balance sheet
Answer
# 1
Will be posted in asset side of B/S
A.s.hemanthkumar
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 2
Under Current Assets of balance sheet
Sangam Dtayade
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 3
In case of company TDS Will be adjusted against Income tax
provision & balance if any will be shown in current assest
as Income tax refund receivable
Shrenik Shah
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 4
We will Dr. TDS Receivable A/c under Current Asset Side and
Cr. the Customer's ledger from whom certificate will be
receive
Hope i am correct
Ananth
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 5
Assets side of Balance sheet under current assests. It
affects Income Tax returns.
Anitha
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 6
Tds Receivable is part of Income Tax deductible by customer
on behalf of Assessee so it always comes under current Asset
in the Balance Sheet.
Rabindra Mallick
Re: What is the posting of TDS Receivable in balance sheet
Answer
# 7
Assets side of the balance sheet under current assets .
Sunitagangal