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Regarding tds receivable

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23 May 2014 My query is how to write off TDS receivable A/c which is shown in current assets in the case of Companies & Partnership Firm

23 May 2014 IN CASE OF COMPANY TDS RECEIVABLE IS TO BE ADJUSTED AGAINST PROVISION OF INCOME TAX. BALANCE FIGURE CARRIED TO THE RESERVE AND SURPLUS ACCOUNT. IN CASE OF PARTNERSHIP FIRM SAME PROCEDURE TO BE FOLLOWED AND BALANCE AMOUNT TO BE DISTRIBUTED AMONGST PARTNER

23 May 2014 Thank you very much sir for your kind reply




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