TDS U/S 194 C .
under which head the amount will be shown.
actually my client made sales to bsnl . they have deducted tax @ . 1%. on the amount of purchase since the value is more than rs.30000
This will be considered as Direct income/Revenue from Operation/Sales in the books of accounts of the seller.
Receivables from BSNL will reduce by the amount of TDS deduction.
TDS will be reported under the head current assets.
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