---
title: "In balance sheet, where do you show TDS?"  
description: "In balance sheet, where do you show TDS?"  
author: "shubham Misra"  
published: 2017-11-15  
canonical: https://answers.mindstick.com/qa/30625/in-balance-sheet-where-do-you-show-tds  
category: "business & finance"  
reading_time: 1 minute  

---

# In balance sheet, where do you show TDS?

In [balance](https://www.mindstick.com/blog/299458/work-stress-and-mental-health) sheet, where do you show [TDS](https://www.mindstick.com/articles/23252/all-you-need-to-know-about-the-new-laws-of-tds-on-rent)?

## Answers

### Answer by Vishal Kesarwani

**It can be shown on both sides of the Balance sheet which is asset or liability** **Asset Side** When **TDS** (tax deducted source) deducted by another person (payer) when paying to you (payee), it will be shown on the Assets side of the Balance Sheet. At the time of **tax assessment,** it would be transferred either to the **Income Tax provision account or Refund Receivable Account** as the case may be. \
**Liabilities Side** When **you are the payer** and the other person is the payee, then **after deduction**, you are legally bound to pay the deducted amount **to the Government**. In that case, then it will be shown under Liabilities side till you pay the same. \


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Original Source: https://answers.mindstick.com/qa/30625/in-balance-sheet-where-do-you-show-tds

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