WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L
A/C ?

Answer Posted / vivek mohan nair

RECIEVABLES MEANS YET TO BE RECIEVED AND IN ACCOUNTING
TERMS WE CONSIDER THAT IN CURRENT ASSETS.

AND CURRENT ASSETS WILL GO TO BALANCE SHEET

EXAMPLES: TDS RECIEVABLES, INCOME TAX REFUND ETC.

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Differentiate between financial year, assessment year and previous year?

802


Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c

1350


ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes

1679


I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.

1869


treatment of Service tax and TDS

1602






The company i approached asked me that they are registered Manufacturer to market fire extinguishers. They have both VAT & CST registration. When they supply material out of state i.e. under "C" form, to a Dealer who is also registered with CST and who can issue "C" form but for product paint. Will the "C" form issued by the Dealer be acceptable to us. What law governs, since the dealer is not registered to trade in Fire Extinguishers? In the first instance will he be able to issue "C" form at all i.e. Will the government allow him to issue "C" Form, if so under what norms? In the case that my company is the Dealer and registered for trading in Paint and we are taking Fire Extinguisher Dealership will I get set-off in "C" form for purchase and Sale. Kindly let me know on russel.raphael@gmail.com

1605


how i get h form

1723


Who is an assessee?

737


how many form used in sales tax return from begining to ending?

1266


How can company withdraw the amount of Group Superannuation of the employee who has left the job before completion of one year ?

1550


Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

2658


How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.

8082


can we take 100% input of contractor service tax billing where service receiver have to pay 50% service tax

1322


A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?

1546


what is the exise limit in granite manufacturing

1504