Whether tds receivable is a profit and loss account when there is loss

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 July 2013 Dear Sir,
One of my client has incurred loss during last FY. Also there is no tax liability. But some parties has deducted TDs during the year. How I should cosider it while preparing FS?

15 July 2013 It remains under tax receivable only under other current assets. you can file the return and take refund from department, till that time asset only

16 July 2013 Agree with Expert. You have to show it as a TDS Receivable(Current Asset).


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2013 Thank you all



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries