29 March 2016
could u plz tell me the journal entry for the following... TDS receivable in F.Y. 2012-13 on Commission Tds receivable = 12500
If i receive only 6500 in the next year from ITD and the balance is yet to be received, then what amount of TDS rec is to be shown in Balance Sheet??? N plz tell me that do we have to pass TDS received entry Thru Capital A/c in proprieotrship.
30 March 2016
Income tax receivable a/c Dr to tds asset at the time of creation of refundable AMT Bank Dr to income tax receivable 6500 Bal AMT not received will be shown in income tax receivable head
CAclubindia
