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Advance tax tally entry

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(Querist)
25 June 2017 CAN ANYONE TELL ME THE ENTRY OF ADVANCE TAX/TDS TALLY ENTRY (UNDER WHICH GROUPS IT WILL COME)?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 June 2017 Create ledger advance tax a/c for the respective financial year under Current asset and debit that a/c
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
25 June 2017 Advance tax Dr
Cr Bank


During tax adjustment at the end of year

Income tax Paid Dr
Cr Advance tax
Cr TDS ( If Any)
Cr income tax payable (If Any)






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