Do we need to pass 3 entries for refund?

1 . at the time of filing the return which we calculate and
2 . at the time of receipt
3. when less refund is received or no refund is received so to reverse it from current asset?

IT Provision ( S.A.Tax) for P.Y. 2013-14 is paid in the current year so i passed the following entry

S.A.Tax ( Current Asset)
To Bank ( Current Asset)

but then while making the provision the entry passed was
p& l
to IT Provision ( Provisions)
so how will this IT Provision get reversed?

Also the advance tax paid of P.Y. is carried forward in the current year so i just have to check the current transactions in it?
The Refund of p.y. are showing in the current assets so how to reverse it?

if i want to check a particular ledger in a particular bank statement, is it possible in tally erp9.?

Dear Sir, Our Computer Hardware Personnel completed Server Hosting Work & has given us bill for Inhouse Hosting for Rs.36000/-.
Pls. confirm if TDS will be applicable on the same. If yes, pls confirm section?

During 2014, a Company has signed purchase incentive agreement with Samsung (the “supplier”). According to the agreement, the Company will be entitled to discount of 2% on purchases if the Company achieves the following quarterly purchase targets during 2015.

Management is quite certain to meet the purchase targets of 2015 as management has achieved all purchase targets with the supplier in the previous years. So they need to recognise the revenue during 2014.

Is there any standards admitting that?

The company saying, as per IAS 18, para 7,8 and 10; they can recognise revenue in 2014.

Kindly advise.

I want what is the difference between Assets and Current Assets?. How one can judge from the nature of transactions whether it CA or Assets.

Respected Sir, please suggest me how match TDS tax deduction rates % for financial year 2014-15. cut on labour/contract.

I am working in a Pvt. Ltd Company where the Salary of a current month always paid in the 12th to 15th of next month.

So my question is can i every month end(30th or 31st)transfer the salary to salary payable account and deposit TDS on Salary with in 7th of next month.

Some time cash in hand, sundry debtors shown into the liabilities side in balance sheet in the tally. Why?

Kind Attn : Dear Sir/Mam

Pls adv, if our company receives payment in Feb15, for a tour which starts in next financial year i.e. 2015-16, Kindly explain the entry to be passed, if possible pls explain the main and the subheads.

Thanks and regards
Gurvinder Singh