provision entery & adjustment of advance tax tand trf from
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2014
how to entery provision for tax & Adjustment of advance tax & Trfd for tyax liablity
06 January 2014
1)Dr.P&L A/c
Cr.Provision for income tax
(income tax provision)
2)Dr.Advance tax
Cr.BankA/c
(advance tax paid)
3)Dr,Provision for income tax
Cr.Advance tax
Cr.TDS receivable (if any)
Cr.Income tax payable
(income tax payable)
Cr.Provision for income tax
(income tax provision)
2)Dr.Advance tax
Cr.BankA/c
(advance tax paid)
3)Dr,Provision for income tax
Cr.Advance tax
Cr.TDS receivable (if any)
Cr.Income tax payable
(income tax payable)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
