What is the posting of TDS Receivable in balance sheet
Answers were Sorted based on User's Feedback
Answer / ananth
We will Dr. TDS Receivable A/c under Current Asset Side and
Cr. the Customer's ledger from whom certificate will be
receive
Hope i am correct
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / shrenik shah
In case of company TDS Will be adjusted against Income tax
provision & balance if any will be shown in current assest
as Income tax refund receivable
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sunitagangal
Assets side of the balance sheet under current assets .
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / anitha
Assets side of Balance sheet under current assests. It
affects Income Tax returns.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rabindra mallick
Tds Receivable is part of Income Tax deductible by customer
on behalf of Assessee so it always comes under current Asset
in the Balance Sheet.
| Is This Answer Correct ? | 2 Yes | 0 No |
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