It refund entry

dinesh (accountant) (40 Points)

10 March 2014  

Suppose I receive Rs 43000 as IT Refund for the FY 2012-13 in Dec 2013 by ECS
What will be Entry in books ?

Suppose my refundable was 42000 as per Balance Sheet of 2012-13

           Gross Tax was          56000

Less : TDS Recvable was (-)  73000 

           Advance Tax        (-) 25000