banner_ad

Treatment of Tax item in BS

615 views 2 replies

Dear Members,

I m trying to understand the balance sheet of company. Kindly tell me how to treat the tax related items in BS (under which head) as well as in P&L. (in which head) What are their treatment according to Accounting Standards?

Kindly tell me the treatment of following items (debit balances as well as credit balances):

TDS deducted by the company, TDS deducted by other parties from the payment made to company, TDS on FDR, Provision for IT, Provision of Wealth Tax, CENVAT, Cess, EPF payable/paid, DVAT, WCT payable, Service tax Payable/Receivable, Income Tax payable/paid etc.

Any other items related to taxes...

I appreciate if you give some time to my query. Please reply.

Thanks.

Replies (2)

Pls reply....

How will the debit balance of WCT payable disclosed in the balane sheet

Plz do reply


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details