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TCS

Direct Taxation

A firm has TCS receivable Rs. 2500/- in 26AS. But firm has no idea about this . How does it affect sundry creditors in the balance sheet ?

Divya Sri Vemavarapu

CA Inter

★ 15K+

26-May-23 11:45

Answers (1)

Such TCS should be claimed as credit based on the name of party mentioned in Form 26AS if it is related to the firm.

Shiva Teja

Faculty

26-May-23 13:29

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