CA Article
103 Points
Posted on 15 June 2012
In my views under new revised schedule VI...TDS / advance tax should be shown as "SHORT-TERM LOANS AND ADVANCES" under CURRET ASSETS as "Unsecured, considered good" OTHERS ADVANCES.
It should be present in notes to account as :
SHORT-TERM LOANS AND ADVANCES
Unsecured, considered good
Others
Advances
Withholding and other tax receivable.