Can TDS(Tax Deducted at source) expense be called Selling
General and Administrative expense in Profit and loss
statement,Or should it be included under head Provision for
Taxation



Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Pro..

Answer / nagesh

actually TDS is not a expenditure or income it does not
include in profit and loss account.it is current asset or
current liabilty

Is This Answer Correct ?    7 Yes 1 No

Post New Answer

More Accounting General Interview Questions

I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?

0 Answers  


What is the difference between consigner and consignee?

0 Answers  


what is insurance ? how many types of insurance?

2 Answers  


BANK

2 Answers   Bank Of America,


Calculate the P/V Ratio and BEP from the following particulars. Sales 5,00,000 Fixed Cost 1,00,000 Profit 1,50,000

3 Answers   Tamarai,






Is Profession Tax return or not ?

1 Answers   IBM,


Dear sir/madam, Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess. E.g Invoice rcvd : 100000.00 from XYZ company payment Made: 105000.00 Please suggest best entry for the same

0 Answers  


Could you tell someting Use's of Trial Balance and where we get the details.

3 Answers   Genpact, MNC,


Does anyone have any other recent Factset interview questions?? what other types of technical questions do they ask consultants?

0 Answers   FactSet Systems,


what will be the treatment of tds deducted by clients if the it is private company

1 Answers  


WHAT IS CORE ACCOUNTING, GROUP CONSOLIDATION ? CONSOLIDATED ENTRY. COULD YOU GIVE ME AN EXAMPLE

0 Answers   HSBC,


question paper pattern of factset

1 Answers   Capital IQ,


Categories