25 August 2010
How to give treatment of Tax refund?
Details as follows:A Y 2006-2007
Income Tax Liability Rs 9000 TCS RS 50000 Income Tax Refund Rs 41000. Refund has been made in year F Y 2009-2010 Rs.43000 ( Inclusive interest) How to give treatment in tally for F Y 2009-2010.Also in which head income tax refund is to be treated?