About Outstanding Liabilities


This query is : Resolved 

16 September 2009 TDS & Sales Tax is already our Liabilities but i want know that We have to make Provision For the Month Of March Liabilities At year end ? Why

Prashant (Expert)
16 September 2009 YOu don't have to make any provision of TDS & Sales Tax because, these a/c's are related with collect amount from Repective person and deposit it in Govt. A/c

So, Pl clear what u want now?

Kaustuv (Expert)
17 September 2009 not clear about your question. But TDS and sales tax are your liability because you are the agent of the Govt. and we make provisions to arrive at the true and fair position.


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