Tds and self assessment tax

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SarwarAlam Khan (Querist)
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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

Dintakurthi Tirumala (Expert)
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23 September 2011 Sorry i could not understand your query?
OM SAI SRI SAI JAI JAI SAI

S SRINIVASAN

S SRINIVASAN (Expert)
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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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