i paid income tax from my company bank a/c. so how to do entry
This query is : Resolved
30 December 2016
for example i paid 25000 on 13.11.16 for income tax return 2015-2016 and now running 2016-2017 so how to entry and where can i entry.... journal or payment? also tell me income tax head (master under which group)...
thanks in advance. ....
30 December 2016
In Case Income tax of Company
then,
Journal Entry
Provision for Income Tax A/c(Provisions) Dr
To Cash/Bank A/c
(Being Income tax paid for Fy 15-16)
If Income tax of Urself
then Journal Entry
Your a/c Dr
To Cash / Bank A/c
(Being Loans and advance given to Mr....)
then,
Journal Entry
Provision for Income Tax A/c(Provisions) Dr
To Cash/Bank A/c
(Being Income tax paid for Fy 15-16)
If Income tax of Urself
then Journal Entry
Your a/c Dr
To Cash / Bank A/c
(Being Loans and advance given to Mr....)
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