Interested to Buy Any Domain ? << Click Here >> for more details...
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.
- 1 Answers
- 3992 Views
- I also Faced
- E-Mail Answers
Answer / ravi
this is correct answer is Balance sheet is show only 21
lakhs, tax reducing of rs.9lakhs
| Is This Answer Correct ? | 10 Yes | 0 No |
types of audit
what is stock dividend?
5 Answers Chartered Accountant, Franklin Templeton, IHP,
what r journal entry transaction
1 Answers Accenture, HP, OPI Global,
How many types of Audit?
If the supplier is register in tax department,but he is not charging vat, what is the reason, get me as soon as possible,
1.is tds compulsory for commission paid on sales.2.if tds return for is submited for the interest paid on unsecured loans,what should be done.
what supporting documents do we vouch to for sales, purchases, receivables, payables, sales cutoff, and liabilities cutoff?
what do you expect to be doing on a day to day basis as a audit trainee?
Can Bonus of pre-operative period be part of pre-operative expenses ?
WHAT IS THE TRAIL BALANCE
State which of the following are Cash transactions, and which are credit transactions: Questions Answers 1. Anil commenced business with Rs.10,000 2. Bought goods for cash Rs. 2000 3. Bought goods from Balaji on account Rs. 4000 4. Paid Balaji on account Rs. 500 5. Commission received Rs. 50 6. Commission due to Raj Rs. 100 7. Took Loan from Bank Rs. 20,000 8. Interest on loan due to the bank Rs. 200 9. Paid salaries Rs. 200 10. Sold goods for Rs. 1000 11. Sold goods to Eshwar on account Rs. 2000 12. Received from Eshwar on account Rs. 100
what is the reason for controls in an IS environment?
Audit 
