accounting entry
This query is : Resolved
23 April 2011
one of my client has received a letter from IT department regarding adjustment of refund granted to him against demand raised from him by the department. IT departmrnt has suomoto adjusted the refund against demand where as we are still figthing case against department regarding that demand. pls suggest what accounting treatment in this particular case is needs to be done.
25 April 2011
Suman
If you are still fighting for the case, Please do not pass any entry for the adjustment for the refund. May be you can go for appeal.
You can pass entry once you decided to accept the adjustment made by Tax department.
If you are still fighting for the case, Please do not pass any entry for the adjustment for the refund. May be you can go for appeal.
You can pass entry once you decided to accept the adjustment made by Tax department.
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
