Advance tax
This query is : Resolved
Guest
Guest
(Querist)
17 August 2012
Can the Advance tax of A.Y 2010-11 be written off against IT refund of A.Y 2010-11??? if yes, how the difference can be dealt with??
CA CS Amit S. Kedia
(Expert)
17 August 2012
The following entry will be passed at the time of refund-
Bank A/c Dr
Provision for Income tax A.Y 10-11
To Advance tax A.Y 10-11
To Interest on Refund
(being Income tax refund for the A.Y 2010-11)
Bank A/c Dr
Provision for Income tax A.Y 10-11
To Advance tax A.Y 10-11
To Interest on Refund
(being Income tax refund for the A.Y 2010-11)
Message likes :
1 times
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Employee secondment
- IMS (import of goods) ITC related
- Capital Gains Tax on Inherited Mutual Fund
- Form 144 TDS Return Validation Error – Mandatory Fields
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- Rent agreement of House of deceased person
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- Ito add credit side of bank
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
