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1. Is TDS asset or Liability ?.
2. Is TCS Asset or Liability ?.
3. Which is Debit side and Which is Credit Side in Balance
Sheet ?.
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Answer Posted / purnima
TDS is the current liability for the company. why because we r collecting tax amount from the employees, contractors etc..
Then we will pay to the govt in the year ending so that its a current liability to the company.
which is showing liability side .
| Is This Answer Correct ? | 113 Yes | 5 No |
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