Interested to Buy Any Domain ? << Click Here >> for more details...
During the year a firm has received TDS of Rs.30 lakhs and
out of this an amount of Rs.9 lakhs was adjusted against
the taxes. However, in the balance sheet under the head
assets,the firm shown Rs.30 lakhs towards TDS. Is it
correct. In my openion, in the balance sheet, the assessee
has to show only Rs.21 lakhs as asset in the balance sheet,
after reducing the tax adjustemnt of Rs.9 lakhs. Pl.
Clarify.
- 1 Answers
- 3870 Views
- I also Faced
- E-Mail Answers
Answer Posted / ravi
this is correct answer is Balance sheet is show only 21
lakhs, tax reducing of rs.9lakhs
| Is This Answer Correct ? | 10 Yes | 0 No |
Post New Answer View All Answers
How to involve people in audit?
Explain what are the different functions of internal audit?
Explain the importance of evaluating an internal audit department?
Audit strategy based
what is the PRPOER way of accounting salaries ETF EPF
Would you consider alternative vacancies if so which:
Discuss the factors to be considered by the auditor in order to determine an audit strategy.
Why does a systems auditor need to use professional judgement when selecting audit procedures?
how to prepare the internal audit sheet ? explain me with example. (take example of LOGISTICS& SUPPLYCHAIN MANGEMENT COMPANY)
whta is the current SBAR? Please provide the past rates from 1st january 2011 to till date.
Explain the purpose of meeting in audit?
How can i disable closing stock in trial balnce in tally?
Why do you want to work in audit?
What is final audit?
Define vouching?
