What is the posting of TDS Receivable in balance sheet
Answers were Sorted based on User's Feedback
Answer / ananth
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
Is This Answer Correct ? | 14 Yes | 1 No |
Answer / shrenik shah
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
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sunitagangal
Assets side of the balance sheet under current assets .
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / anitha
Assets side of Balance sheet under current assests. It
affects Income Tax returns.
Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rabindra mallick
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.
Is This Answer Correct ? | 2 Yes | 0 No |
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