Booking of self assessment tax
This query is : Resolved
21 November 2022
company has paid self assessment tax of around Rs. 2,00,000.00 in FY 2020-21. the same was booked under the assets head. No provision for income tax was made during the said year. the same has been carried forward in F Y 2021-22 and is standing in the books. please guide on the
22 November 2022
If income tax assessment is completed, transfer self assessment tax from asset head to expenditure head.
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
- Sales of goods of amount Rs77 lakhs to a party
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Filling ITR for FY 2024-25
- Automatic MIS from Tally ERP
- Schedule Dpm under 44ada no account casr
- FRESH FRUIT JUICE EXEMPTION UNDER GST
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- Interest Reporting in Form 168
- REGARDING TURNOVER LIMIT
- Registration of Educational Institution U/s 12A
- RCM PAYMENT OF APRIL 2025 NOT PAID IN YEAR AND NOW PAYING IN OCTOBER 2026 RETURN
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Experienced CA recommendation from Kolkata for FNO return filing
- GST Registration DELHI MUMBAI
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
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
