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Question { 4233 }

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


Answer

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

Is This Answer Correct ?    7 Yes 1 No