Where does the entry of TDS payable, sale tax payable,
service tax payable will appear in Balance sheet or profit
or loss a/c?

Answer Posted / amit kumar

its in balance sheet, in liability side, not in profit and
loss a/c ,it is duties & Taxes so it is current Liabilities.

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

procedure to get Raw Material free of excise duty under Central Excise Act,

1526


ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

1541


why charges PURCHASE @ 15 % TAX RATE ?

1650


WHAT IS FORM AND OTHER REQUIRMENT FOR FILE EXCISE RETRUN AND HOW WE FILE EXCISE RETURN ?

1413


how many sale tax charged on the billing for central dealer by uttar pradesh dealer at furniture items ? & how many sale tax charged for u.p. dealer by up dealer ?

1647






what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)

1619


tds will be charged by hotel industry on what

1291


How do I get a C form with the bank Guarantee?

1264


how to calculate service tax on tds

1790


How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?

2129


What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?

2123


ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?

1770


Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///

1517


Which form used for registration in GST?

924


please tell me friends what are the formats of excise return and vat return?

1692