Question ID :
44676
TDS Receivable adjusted against demand
One of my clients has demand related to previous years and dept is adjusting TDS receivable against demand. They have filed appeal against the matter and are still recording TDS receivable for previous year under assets. How to treat this from financial reporting perspective? What are recommended/ suggested disclosures or reporting steps for same.
posted by
AYUSH AGARWAL
on
Jul 4 2024 12:00AM