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Why is shown in balance sheet

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2014 why TDS receivable of previous year( shoen in Different financial year and when these head should be closed )
I.e TDS receivable of FY-2012-2013
FY-2013-2014 still shown in balance sheet.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
15 October 2014 It will remain in the Balance Sheet till assessment is completed and adjustment entry is passed in the books.
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Querist : Anonymous

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Querist : Anonymous (Querist)
15 October 2014 sir
when we can assume that assessment is completed or assessment order is passed.. whether income tax department give ant certificate also.
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