Income Tax deduction at source is assets or Liability ??

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
The effects of Inflation on financial statements report and Income tax calculat...
Posted by:
Mohamed Billow
20-April-2015

Question added by Abid Rehman , Finance Manager , Community Motivation & Development Organization (C.M.D.O )
Date Posted: 2015/02/25

Upvote (0) Views (2) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

RAJESH DESHKULKARNI GOPAL

by RAJESH DESHKULKARNI GOPAL , Group Accounts & Tax Manager , Confidential Group

It's treated as Company's Current liability.

'coz Company need to deposit with the concerned department within time-frames.

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

You are a contract project manager working with the State of Bliss. Your latest project involves rewriting the Department of Revenue's income tax?
Top Answer: Option D is the best choice. See More

Answers (7)
Why the balance sheet equation i.e. "assets = liabilities + owner's equity" is known as accounting equation despite the fact that it includes only
Top Answer: <p>The Accounting Equation is Assets = Liabilities + Owner's Equity is a summary of the business as ... See More

Answers (2)
Which asset-liability combination would most likely result in the firm's having the greatest risk of technical insolvency?
Top Answer: >>>>>>>>>>> Reducing current assets, increasing current liabilities, and ... See More

Answers (8)
The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at a specific date is the….?
Top Answer: It is 1. Balance Sheet............................ See More

Answers (15)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.