Balance sheet
This query is : Resolved
16 December 2020
Sir
At the end of year, the balance sheet shows,
TDS Payable - Rs.400000/-
TDS Receivable - Rs.600000/-
How to close the above TDS account and carry forward it to the next year
Plz clear my doubt
thanks in adv
At the end of year, the balance sheet shows,
TDS Payable - Rs.400000/-
TDS Receivable - Rs.600000/-
How to close the above TDS account and carry forward it to the next year
Plz clear my doubt
thanks in adv
17 December 2020
TDS PAYABLE IS ADJUSTED BY PAYING TDS IN CASH OR BANK.
TDS RECEIVABLE IS ADJUSTED WHEN RECEIVED TDS REFUND GRANTED FROM GOVERNMENT .
AND THERE IS NOTHING ADJUSTMENT IN BOTH ENTRIES BOTH ENTRIES ARE DIFFERENT IN NATURE.
PLEASE FEEL FREE TO ASK ANY FURTHER QUERY.
TDS RECEIVABLE IS ADJUSTED WHEN RECEIVED TDS REFUND GRANTED FROM GOVERNMENT .
AND THERE IS NOTHING ADJUSTMENT IN BOTH ENTRIES BOTH ENTRIES ARE DIFFERENT IN NATURE.
PLEASE FEEL FREE TO ASK ANY FURTHER QUERY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- What is provisional receipt number for generation of form 16A
- Scrutiny assessments u/s 143(2) for AY 25-26
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
