1. Is TDS asset or Liability ?.
2. Is TCS Asset or Liability ?.
3. Which is Debit side and Which is Credit Side in Balance
Sheet ?.
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Answer Posted / dillip kumar
when we deduct the TDS in that case TDS will be Liability &
when TDS deducted by our customer in that case TDS will be
ASSETS.
Assets side is debit side & Liability side is credit side
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