Tds receivable
This query is : Resolved
28 December 2011
Dear Sir kindly tell me when we get deducted tds from our bill/payment we made a entry as tds receivable how it will be treated in finalisation of accounts at the year end.
28 December 2011
It will remain as TDS receivable in Assets side of your balance sheet under the head advances. Will be adjusted after receiving the assessment order. It is similar to advance tax.
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