banner_ad

Balansheet

This query is : Resolved 
Profile Image

Profile Image

(Querist)
04 May 2012 Dear Sir,

I saw in my F.Y.2010-11 balance sheet Tds on assest side of Rs. 10000 & this year me file return on 30.07.2011 & that time my tax liability raise of Rs. 4500 than how pass entry in my tally account please sir guide me
Profile Image

ASHWANI VASHIST

Profile Image

ASHWANI VASHIST (Expert)
04 May 2012 Dear Samir ,
Procedure is following
1.First make a provision for taxation for computing tax liability.
2.After provision You will shut off the provision for taxation amount to the extent of TDS receivable amount, if TDS Receivable is excess than provision for taxation than excess amount shall be transfered to refund account.

Entry is following:

1.Profit & Loss A/c Dr.
To Provision for Taxation A/c

2.Provision for Taxation A/c Dr.
To TDS Receivable A/c
Profile Image

SAMIR DESAI

Profile Image

SAMIR DESAI (Querist)
05 May 2012 Profit & loss account debit means
Profile Image

SAMIR DESAI

Profile Image

SAMIR DESAI (Querist)
05 May 2012 provision for taxation in which head direct expences
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details