Treatment of income tax paid for the previous year in book of accounts of the next year

Arun Kumar Ghosh (Consultant) (51 Points)

16 May 2016  
I have paid Income Tax of the F.Y. 2014-15 in the F.Y. 2015-16 at the time of submmitting IT Return online. No advance tax was paid in F.Y. 2014-15. But in the Balance Sheet of F.Y. 2014-15 as at 31.03.15, there was no provision of Income Tax to be payable (as current liability). The query is in the book of accounts of F.Y. 2015-16, how the Income Tax Paid for the previous year i.e. 2014-15 will be treated / entered in the Balance Sheet of 2015-16 as at ?