Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 March 2018
Hello ,
If I am receiving Rs.100000 p.m as rent and Tds of Rs.10000 pm is deducted ,
why such Tds is shown under current assets ?
If I am receiving Rs.100000 p.m as rent and Tds of Rs.10000 pm is deducted ,
why such Tds is shown under current assets ?
Expert : Anonymous
Expert :
Anonymous
(Expert)
04 March 2018
It is shown in current assets because that is your receivable for the current year.
05 March 2018
Exactly... It is advance tax paid.... so treated as assets and at the year end will be set off with your liability of income tax
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