TDS for which Credit has claimed
This query is : Resolved
CS Pravin Yadav
(Querist)
17 February 2011
I have TDS deducted (Asset) in my balance sheet as on year ended 31st march 2010.
what should i do with this TDS amount in the current yr
1. Should it remain as it is?
if not,
what enties i need to pass????
what should i do with this TDS amount in the current yr
1. Should it remain as it is?
if not,
what enties i need to pass????
17 February 2011
Let this be as it is. Once you receive the assessment order for this year then you should pass the adjustment entries.
Message likes :
1 times
Sunil Kr. Sanganeria
(Expert)
17 February 2011
If it is an individual account: Youy many debit your capital account with the amount of TDS.
If Company: you should carry forward the TDS amount till the assessment is made.
If Company: you should carry forward the TDS amount till the assessment is made.
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