During the year a firm has received TDS of Rs.30 lakhs and
out of this an amount of Rs.9 lakhs was adjusted against
the taxes. However, in the balance sheet under the head
assets,the firm shown Rs.30 lakhs towards TDS. Is it
correct. In my openion, in the balance sheet, the assessee
has to show only Rs.21 lakhs as asset in the balance sheet,
after reducing the tax adjustemnt of Rs.9 lakhs. Pl.
Clarify.
Answer / ravi
this is correct answer is Balance sheet is show only 21
lakhs, tax reducing of rs.9lakhs
Is This Answer Correct ? | 10 Yes | 0 No |
Expand---------MRPS
Is materiality by fund balance or transactions?
Expand---------PRSM
Why do you choose Ernst and Young ?
How can i disable closing stock in trial balnce in tally?
Expand---------BRPT
in trial balance if there is PROVISIONS given under the heading current liabilities then where will its effect be ??
Tell me that how I can evaluate the internal control audit?
How do one write an interim audit report?
Is there any disqualification of an auditor if he is Indebted to a partnership firm and proprietor???
what audit procedure i can do in the share capital account of a company and why it have been apply?
The difference between interim audit and final audit?