Tds

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 March 2018 Hello ,

If I am receiving Rs.100000 p.m as rent and Tds of Rs.10000 pm is deducted ,

why such Tds is shown under current assets ?

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Expert : Anonymous

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Expert : Anonymous (Expert)
04 March 2018 It is shown in current assets because that is your receivable for the current year.

05 March 2018 Exactly... It is advance tax paid.... so treated as assets and at the year end will be set off with your liability of income tax


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