Regarding tds receivable
This query is : Resolved
PANKAJ AGRAWAL
(Querist)
23 May 2014
My query is how to write off TDS receivable A/c which is shown in current assets in the case of Companies & Partnership Firm
23 May 2014
IN CASE OF COMPANY TDS RECEIVABLE IS TO BE ADJUSTED AGAINST PROVISION OF INCOME TAX. BALANCE FIGURE CARRIED TO THE RESERVE AND SURPLUS ACCOUNT. IN CASE OF PARTNERSHIP FIRM SAME PROCEDURE TO BE FOLLOWED AND BALANCE AMOUNT TO BE DISTRIBUTED AMONGST PARTNER
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PANKAJ AGRAWAL
(Querist)
23 May 2014
Thank you very much sir for your kind reply
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