Income tax recivable (TDS receivable ) for the previous year in the balance sheet , suppose it is not recoverable from it department? It can be claimed as expense in income tax point of view?
It's showing in the balance sheet? if it's showing in balance sheet and not in 26as than you should communicate with suppliers to ask the reason of not seeing the same in form 26 as
Better to reverse the TDS asset back into the customer ledger and then claim as bad debts. Bad debts are allowable expenditure. Tds receivable ( considered as income tax ) shall not be allowed as an expense from tax point of view.
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