19 February 2014
dear all,
i case of indivdual why we less tds receivable from capital tell me in detail? and which other things we less from capital in case of indivdual and partner?
18 March 2014
as per income tax act, tds receivable is to be reduced from the tax liability, in case of an individual, tax liability is not allowed as deduction since the same is a personal exp., therefore TDS receivable is reduced from capital to set-off the assets.
MY QUE. is that if on 31.03.12 tds receviable is 50000 in my bs assets site, and i didn't take tds refund in f.y 12-13 i am individual in this case when will we deduct from capital a/c thanks inadvance
CAclubindia
