Tds receivable - its urgent

CA Akshay Joshi (CA) (386 Points)

22 June 2012  

hi frndz

plz let me know in case of PVT LTD Company, TDS Receivable for AY 2011-12 be transferred to Reserve & surplus Account to close the TDS receivable account during current year under audit (ie AY 2012-13) and what treatment if refund gets from IT department, in respect of that TDS Receivable?

plz let me know ASAP

thnx