Revised sch-vi

Others 747 views 2 replies

Should I show TDS & Advance Tax under "Other Current Assets" under the revised sch-VI?

 

Regards,

Replies (2)

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.

Can any one suggest my above query related to Printers, IPADS, Murti of GOD.


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