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Tds includes financial asset

AS 720 views 2 replies

Sir

Please confirm me whether Balance With Revenue Authorities is covered under the meaning of Financial Asset for NBFC as per AS 26... Thanks in Advance

 

Replies (2)

Sir,

In my view it should not come into Fincial Assets. It Should gruped into Non Current Assests as Loan & Advances.

Please ignore if  i am not correct.

Thanks

The term "bond" is often used and referenced in finance, but its true meaning and significance can sometimes be misunderstood. Bonds are a vital component of the financial market, serving as a means for companies and governments to raise capital.

Copy to know more: https://www.kotak.com/en/stories-in-focus/mutual-funds/what-is-bond.html


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