Dear Experts.,

I have a accounts work for A Proprietors firm in past 5 years. This Assesse's ITR filing one of the Chartered Accountant (FCA). This Assesse get TDS deduction from some Customers for Contract works. The past years TDS amount Rs.235642. These all TDS amounts shown in Balance Sheet under Current Assets like Revenue Authorities. The TDS amount also adjusted/computation in his ITR for every year.

Experts, My Questions/Doubts.,

1. Why these TDS amount shown in Balance Sheet under Revenue Authorities or Current Assets...?
2. What is the rules for maintain TDS amounts in Balance Sheet...?
3. How many year will be follow the TDS amount under Revenue Authorities...?
4. The same rule in Partnership Firm...? or Not...?

Thanks & Regards
P.M. RAJA

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