Advance tax prov.

This query is : Resolved

Kanhaiya Lal Verma (Querist)
Follow

20 February 2013 Dear Experts
If a co. Prov For I Tax For FY 11-12 Rs 60349 and Paid Adv TAx 30000 and TDs Receivable Rs 726 and Self Assmmt. tax Paid in Aug 12 Rs 47830.00 including Intt amount. then Total Tax paid is more than Prov Amount . then what will be excess amount paid, is there any entry will pass for that.
Please guide me.
Thanks

Guest

Guest (Expert)

20 February 2013 Tax provision - Rs. 60349/-
Tax paid = 78556/-
Excess payment = 18207/-
Verify and confirm the refund amount with IT Return and disclose as Advances recoverable in cash or in kind.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

Advance tax prov.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

Senior Executive

GST CONSULTANT

Accountant

GST CONSULTANCY