24 June 2014
last yr accrued commission income was Rs.431000 nd received in current year for Rs.360000,here,tds claimed last yr on accrued comm. was 50000.So,my ques. is how to treat this 50000 nd remaining balance of 21000 in accounts??Whether to write off it through capital a/c ?? ( proprietorship concern)
24 June 2014
the tds credit was alread claimed last year..so nothing to be done this year...with regards to remaining 21000 you need to write off as bad debts in profit and loss account
CAclubindia
