Poonawalla fincorp
Poonawalla fincorp

Tds receivable

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(Querist)
25 November 2011 sir
why we transfer the tds receivable to owner capital a/c i.e. cr.,to tds after the assessement of it
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CA Sunil Anwani

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CA Sunil Anwani (Expert)
25 November 2011 It is because if there is no TDS receivable we have to w/off it However since this is not an expense it is debited to Capital Account.

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