tds effect in balance sheet if tds receipts
Answers were Sorted based on User's Feedback
Answer / v.mohan
Tds receipt will be shown in asset side. It can be adjusted
from income tax payable.
| Is This Answer Correct ? | 19 Yes | 3 No |
Answer / jaysukh solanki, dudhsagar dai
Yes
In Assets Side:
Advance In-Come-Tax A/c Dr with TDS received Amount
and Party A/c Cr with TDS received Amount
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / naveen
Tds Receipts will be shown in assets side under loans &
advances and it will be adjusted to Income Tax A/c.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / karthic
Yes
In Assets side ,
Can Adjust these amount on Income tax payable
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / sameer
how can a company show advance tax of rs 10 and also TDS for
teh same year of Rs 10? similarly, for the next year advance
tax shown is rs 2 but TDS is rs 8.
its a construction company. is the TDS relating to some
other aspect of business?
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / viji
Yes
In Assets Side:
Advance In-Come-Tax A/c Dr with TDS received Amount
and Party A/c Cr with TDS received Amount
in the tds rec. will adjested in memo of total income.
| Is This Answer Correct ? | 3 Yes | 4 No |
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