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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 / siva prasad.ch
TDS is the current liability for the company. because we r
collecting tax amount from the employees, contractors etc.
and
Tds is also current asset for individuals because the amount
is already deducted it is income to individual so shown in
current asset side
| Is This Answer Correct ? | 8 Yes | 1 No |
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