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Can TDS(Tax Deducted at source) expense be called Selling
General and Administrative expense in Profit and loss
statement,Or should it be included under head Provision for
Taxation

Question Posted / priyamvada29


Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Pro..

Answer / nagesh

actually TDS is not a expenditure or income it does not
include in profit and loss account.it is current asset or
current liabilty

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