Tds
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2017
TDS Is not shown in prvious years Balance sheet as current Asset. so what is the accounting treatment of the amount received as TDS refunded this year?
whether it has to be shown as income?
whether it has to be shown as income?
Ashiwini Ballodia
(Expert)
26 June 2017
Transfer the balance to capila income
Ashiwini Ballodia
(Expert)
26 June 2017
Transfer the balance to capital account.
It cannot be shown as income, only interest on TDS refund is taxable.
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