Advance tax tally entry
This query is : Resolved
Quick Summary
25 June 2017
CAN ANYONE TELL ME THE ENTRY OF ADVANCE TAX/TDS TALLY ENTRY (UNDER WHICH GROUPS IT WILL COME)?
25 June 2017
Create ledger advance tax a/c for the respective financial year under Current asset and debit that a/c
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25 June 2017
Advance tax Dr
Cr Bank
During tax adjustment at the end of year
Income tax Paid Dr
Cr Advance tax
Cr TDS ( If Any)
Cr income tax payable (If Any)
Cr Bank
During tax adjustment at the end of year
Income tax Paid Dr
Cr Advance tax
Cr TDS ( If Any)
Cr income tax payable (If Any)
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