As-22
This query is : Open
24 July 2012
can anyone plz tell me,
whether AS-22 accounting for taxes on income is applicable on proprietorship business also???
urgent
whether AS-22 accounting for taxes on income is applicable on proprietorship business also???
urgent
24 July 2012
Yes. In proprietory business, we normally debit the capital account for taxes.
24 July 2012
In proprietory business, we normally dnt follow dep. rates as per companies act, and for other items, u can apply AS 22 also
Message likes :
1 times
24 July 2012
MR AMOL,
SIR CAN U PLZ GUIDE ME HOW SHOULD I PASS NECESSARY JOURNAL ENTRIES REGARDING:-
1) TDS DEDUCTED OF PROP.
2) ADVANCE TAX DEPOSITED.
3) SELF ASS TAX DEPOSITED.
4) PROVISION FOR TAX.
5) IN CASE OF REFUND.
THANK U....
SIR CAN U PLZ GUIDE ME HOW SHOULD I PASS NECESSARY JOURNAL ENTRIES REGARDING:-
1) TDS DEDUCTED OF PROP.
2) ADVANCE TAX DEPOSITED.
3) SELF ASS TAX DEPOSITED.
4) PROVISION FOR TAX.
5) IN CASE OF REFUND.
THANK U....
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
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- TDS 194R on GST effected
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
