How to make Journal entry of SAT and Advance tax Paid

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Daya (Querist)
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09 October 2022 How to Make journal entry in the case of
Self Assessment Tax paid,
Advance tax paid
In the case of Proprietorship Business,
HUF and Partnership firm.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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12 October 2022 For Individuals & HUF the taxes paid are directly debited to capital acc; while for Partnership firm it is debited to 'Provision for taxes' acc.

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