Tds
This query is : Resolved
10 June 2015
TDS charged from the customer is neither an expense nor an income, It is actually a payable account which becomes a liability for a company after charging it to from customer, which a company needs to pay or deposit it to the tax department on behalf of the customer on a required time line.
Since there is no movement of cash/fund in case of provision for tax, no treatment of provision of tax is given therein
Since there is no movement of cash/fund in case of provision for tax, no treatment of provision of tax is given therein
10 June 2015
tds will pay by you. but its part of the creditors due amount.
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