Entry for tax paid

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 October 2016 Respected Sir/Mem,
jst i m confused in below meter,

my total tax liability is 29650
my total tds deducted is 15750
total self assessment tax paid is 13900

i haven't made provision for tax at the beginning of the year.
what would be the entry for the above mentioned transaction??
and what would be the under head for self assessment tax paid??
kindly do the needful.

thank you.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 October 2016 Keep the self assessment tax under advance tax. Make provision for total tax liability. Adjust the provision against advance tax on receipt of intimation u/s 143(!).

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