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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 ?.

Answer Posted / dillip kumar

when we deduct the TDS in that case TDS will be Liability &
when TDS deducted by our customer in that case TDS will be
ASSETS.

Assets side is debit side & Liability side is credit side

Is This Answer Correct ?    24 Yes 7 No



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