Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2013
TDS received by the payer is a P & L DR or P & L CR or B/S asset or B/S Liability item? As per my understanding, TDS is current liability for the company because they r collecting tax amount from the employees, contractors etc and will pay to the govt in the year end so it’s a current liability to the company.
Please advise if my understanding is correct?
Please advise if my understanding is correct?
19 June 2013
IT IS UNDER CURRENT LIABLITY OF THE COMPANY
PAY BY CO. ON DUE DATE
PAY BY CO. ON DUE DATE
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