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 / kundan
TDS IS CURRENT LAIBLITY. BCOZ WE DEDUCT TDS FROM EMPLOYEE, CONTRACTORS ETC AFTER THAT WE HAVE TO PAID IT. IN SIMPLY WORD WE CAN UNDERSTAND THAT WHATEVER WE HAVE TO PAY AND WE GET IT EARLIER THAT IS LAIBILITY.
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