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 ?

Expert : Anonymous

Expert : Anonymous (Expert)

04 March 2018 It is shown in current assets because that is your receivable for the current year.

CA AnKiT BoHrA (AB) (Expert)
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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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