Where does the entry of TDS payable, sale tax payable,
service tax payable will appear in Balance sheet or profit
or loss a/c?
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Answer / shailesh garg
Yes, It is definetly be shown in Provision i e Current
Liability,not in P/L a/c
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Answer / kartik charnalia
These entries come under the liability side of b/s under the head current liabilities and provisions as these 3 above are provisions and these are not to be shown under duties and taxes as these are not been paid .
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