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 |
What are the different advantages and disadvantages of internal audit?
what is the difference you can make by doing your course in the country of your choice
Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for 4 years and made intial paymenent as Rs.25000 &the monthly leasing amount Rs.59806.00,pls let me know the double entries for this finacial year (with figers)
internal checksystem
Can an auditor undertake an audit of a Receipts and Payments Account?
i want question papers audit staff selection examination
Can we take credit of service tax in manufactruring companies & what is the procedure
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
0 Answers Logistics, SnapDeal,
tell me in detail about deffered tax asset & deffered tax liability
what is the accounting cycle
WHAT IS AP/AR RECONCILIATION PROCESS? WHAT YOU DO IN AP/AR RECONCILIATION?
What is a professional?