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outstanding assests
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Answer / raja babu chaudhari
an assets performing good or in position to mortgage for
loan
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / moh. afsar saifi
AN ASSETS HOWS MOTIVATE IN ANOTHER F.Y. USE JUST LIKE ANY
INSURANCE FOR NEXT TWO YEAR WHEN WE PREPAIR ONE YEAR THAN
HALF INSURNACE EXP.YOUR OUTSTANDING ASSET AND HALF OUR
INSURNACR EXP. FOR THIS YEAR.
| Is This Answer Correct ? | 0 Yes | 1 No |
During the year a firm has received TDS of Rs.30 lakhs and out of this an amount of Rs.9 lakhs was adjusted against the taxes. However, in the balance sheet under the head assets,the firm shown Rs.30 lakhs towards TDS. Is it correct. In my openion, in the balance sheet, the assessee has to show only Rs.21 lakhs as asset in the balance sheet, after reducing the tax adjustemnt of Rs.9 lakhs. Pl. Clarify.
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