Tds in current assets side
This query is : Open
Lavesh Khatri
(Querist)
02 September 2017
HOW CAN I SQUARED UP TDS OF PREVIOUS YEAR ON ASSETS SIDE OF BALANCE SHEET IN NEXT ACCOUNTING YEAR?
PLEASE EXPLAIN....
PLEASE EXPLAIN....
Ashiwini Ballodia
(Expert)
02 September 2017
It should be adjusted with Income tax provision & TDS refund if any
Lavesh Khatri
(Querist)
07 September 2017
can you explain with an example sir..
Ashiwini Ballodia
(Expert)
07 September 2017
If you claim the refund, than the enter will be at the time of refund will be
Bank A/c Dr 110
To TDS Receivable 100
To Int onIT Refund 10
Ashiwini Ballodia
(Expert)
07 September 2017
If provision for tax created at the year end than the entry will be
IT Provision Dr ****
To TDS Receivable. ***
To Advance Tax ***
To Bank ***
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
