TDS for which Credit has claimed

This query is : Resolved

CS Pravin Yadav (Querist)
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17 February 2011 I have TDS deducted (Asset) in my balance sheet as on year ended 31st march 2010.

what should i do with this TDS amount in the current yr
1. Should it remain as it is?
if not,
what enties i need to pass????

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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17 February 2011 Let this be as it is. Once you receive the assessment order for this year then you should pass the adjustment entries.

Message likes : 1 times

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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17 February 2011 If it is an individual account: Youy many debit your capital account with the amount of TDS.

If Company: you should carry forward the TDS amount till the assessment is made.

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