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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 Final

★ 15K+

26-May-23 11:45

177

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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