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About tds and trial balance

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13 December 2011 why is tds treated as an asset in the balance sheet&When Trial Balance match?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
13 December 2011 TDS Deducted from us is a Kind of advance tax paid therefore it is treated as asset.

Also remember, TDS deducted by us which is yet to be paid is a current liability and therefore shown in liabilities side.

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