Interested to Buy Any Domain ? << Click Here >> for more details...
tds effect in balance sheet if tds receipts
- 7 Answers
- 19595 Views
- I also Faced
- E-Mail Answers
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 will be the entry in tally if some one make a will to some one from his bank?
WHAT IS DIFFERENCE BETWEEN TAX AUDIT AND STATUTORY AUDIT?
is excise duty is applicable to job work/ labour charges? how and why? what is the rate applicable for the same? and also for what type of job work it is applicable and not applicable?
Weather W.C.T should be deducted on advance payment?
how ficticious assets are valued??
What is the reason(s) for leaving your present employment
IF THE COMPUTER PURCHASED ON SEPTEMBER AND JANUARY AND DECEMBER THEN HOW MUCH PERCENTAGE WE HAVE TO CALCULATE ?
Will it be fine if private Ltd Company do not follow depreciation rate as per The Companies Act,1956 & follow Depreciation Rates as per Income Tax. Also is it necessary to claim VAT Setoff on Asset Capitalised only after some percentage of retention.
What are documents need to vouch while doing sales vauching?
tds effect in balance sheet if tds receipts
When we use D form?
what is internal audit?
Audit 
