FBT
This query is : Resolved
21 September 2009
Hi,
Can anybody advice me in accounting excess tax paid.
Thanks
Jayashree
Can anybody advice me in accounting excess tax paid.
Thanks
Jayashree
CA.Tarun Maheshwari
(Expert)
21 September 2009
Just show the FBT paid in Current assets. And create the exact provision for FBT in current liabilities. The difference between he two, if paid excess can be adjusted when the refund is recieved, or the assessment is completed.
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