Accounting of advance tax
This query is : Resolved
Ritu Alwani
(Querist)
05 August 2015
Please tell me how to account for Advance Tax in a company.
05 August 2015
Payment
Advance tax Dr
to Bank
The advance tax account will be adjusted to income tax provision at the time of assessment.
Advance tax Dr
to Bank
The advance tax account will be adjusted to income tax provision at the time of assessment.
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