banner_ad

Tds in current assets side

This query is : Open 
Profile Image

Profile Image

(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....
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
02 September 2017 It should be adjusted with Income tax provision & TDS refund if any
Profile Image

Lavesh Khatri

Profile Image

Lavesh Khatri (Querist)
07 September 2017 can you explain with an example sir..
Profile Image

Ashiwini Ballodia

Profile Image

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
Profile Image

Ashiwini Ballodia

Profile Image

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

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details