Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 Can anybody tell me Nature of 'TDS A/c'

and How we do its treatment if we are taking our Deducted TDS in Current Assets A/c

Ganeshbabu K

Ganeshbabu K (Expert)
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19 February 2014 TDS payable in the nature of Current liability
.
.
it should be knocked off every month with payment of tds to central government
.
.
TDS receivable is in the nature of Current asset and it will be knockoff at the end of year with provision for income tax

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2014
sir pls also tell me about DTA -direct tax assets treatment in Finanacial statement

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