Tds and self assessment tax
This query is : Resolved
SarwarAlam Khan
(Querist)
23 September 2011
When an individual who has set off his tds and self assessment tax of p.y 2009-10 in the same year, can he show the same amt in p.y 2010-11 balance sheet???
Dintakurthi Tirumala
(Expert)
23 September 2011
Sorry i could not understand your query?
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
S SRINIVASAN
(Expert)
26 September 2011
No need to show TDS and paid self assessment tax.If you have shown provision for tax in py 2009-10, just debit that account and credit tds and paid 140-A amt against that and close the asset accounts.If no provision is made debit current or capital account of the proprietor or partners and credit the asset account
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