Insurance company accounts

Others 389 views 2 replies

whether tax deducted at source on interest, dividend, rent etc. need to be considered in revenue acc or p & l acc ? is there any specification as to when v should consider it in revenue n wen in p & l ? i m confused seeing the study material n practice manual's adjustment...!! plz help me out thanq :)

Replies (2)

i didnt got ur que.. why tds wil b a part of p & l account... 

 

if u had deducted it then it wil be ur liablity and if ur tds had been deducted then it wil b ur asset part na.... 

kindly look over this question in pg np.5.59. they havent considered the income tax deducted at source anywhere right ?? 

https://220.227.161.86/20003ipcc_paper5_cp5.pdf


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