Advance tax and self assessment tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2014
Advance tax and self assessment tax for different financial years shown in balance sheet , why it is shown and when it is to be closed.
15 October 2014
It will be cleared after completion of Assessment by passing an adjustment entry against provision for Taxation.
16 October 2014
It can be adjusted after filing return. Only refund due and disputed amounts can be kept without adjustment.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Average Cost Of High Quality Diamonds
- ITR-3 File/Error Found
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Rental income of jointly held property
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
