Tds Recoverable
This query is : Resolved
RAKHI CHAUDHARY
(Querist)
22 July 2010
Sir
Please tell me the solution of the below problem:-
There is only a single A/C opened for TDS Receivable For A/Y 07-08,08-09,09-10,10-11 whereas seperate A/cs opened for Prvosion for taxation viz.Provision for taxation(AY 07-08) ,Provision for taxation(AY 08-09)and so on
Is it right to operate a single A/C for TDS Recoverable for all years,whether it will create any problem?
From the point of view audit,can any objection be raised?
Please tell me the solution of the below problem:-
There is only a single A/C opened for TDS Receivable For A/Y 07-08,08-09,09-10,10-11 whereas seperate A/cs opened for Prvosion for taxation viz.Provision for taxation(AY 07-08) ,Provision for taxation(AY 08-09)and so on
Is it right to operate a single A/C for TDS Recoverable for all years,whether it will create any problem?
From the point of view audit,can any objection be raised?
CA Sanat Pyne
(Expert)
22 July 2010
From audit point of view no objection should be raised. But If a/c are opned seperately then it is easy to understand and identified.
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