Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 September 2014
sir i have tds receivable in balnnce sheet last 4 years
sir please tell me that how i adjust tds in current year or how to remove tds in balance sheet
sir please tell me that how i adjust tds in current year or how to remove tds in balance sheet
18 September 2014
is it co or firm or prop business/
Nikhil Kaushik
(Expert)
18 September 2014
what happened to the assessment? TDS receivable should have been adjusted against the tax dues for the year once the assessment was finalised.
18 September 2014
if entity is non corporate then wont be adjust against any provision
Nikhil Kaushik
(Expert)
18 September 2014
why? even non-corporate assessee has the option of maintaining provisions. I didn't know if non-corporates are barred from doing so.
and where you say that they are not following provision system, TDS credit will automatically be adjusted at the time of filing tax return. So no point will rise for carrying it forward for years.
and where you say that they are not following provision system, TDS credit will automatically be adjusted at the time of filing tax return. So no point will rise for carrying it forward for years.
19 September 2014
in case of prop firm it will be adjusted in capital a/c.
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