with ITR.png

Go Ad-free

Transcript

TREATMENT OF TDS RECEIVABLE WITH INCOME TAX Max ABC Bill consultancy Rs 40,000 Cheque Rs 36,000 TDS Deposit 4000 At the end of the year Max will Reduce TDS Receivable from his Income Tax Case 1 Case 2 Case 3 ANNUAL INCOME LESS ANNUAL EXPENSES PROFIT TAX 25% CESS 4% TAX+CESS LESS TDS RECEIVABLE BALANCE TAX 40000 40000 40000 10000 30000 42000 30000 7500 300 7800 4000 3800 10000 2500 100 2600 4000 - 1400 - 2000 0 0 0 4000 - 4000 Tax Payable 3800 Refund 1400 Refund 4000

CA Maninder Singh's photo - Co-founder, Teachoo

Made by

CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.