Income tax notice u/s 143(1)
This query is : Resolved
Srinivas Ch
(Querist)
08 December 2017
Advance thanks to experts...Please tell me, recently we paid Rs.1,43,542/- for income tax notice u/s 143(1). What is the accounting entry for this payment in tally?..pls urgent.
Ashiwini Ballodia
(Expert)
09 December 2017
Income Tax Dr
To Cash/Bank
Message likes :
2 times
09 December 2017
Yes... I agreed to Mr Ashiwini Ballodia Sir..
Dr. Income Tax Paid A/c - XXXX
Cr. Bank A/c - XXXX
Message likes :
1 times
Srinivas Ch
(Querist)
09 December 2017
where should be the "Income tax paid" ledger? Expenses?
Ashiwini Ballodia
(Expert)
10 December 2017
Under Indirect expense or under capital account
Message likes :
2 times
Srinivas Ch
(Querist)
11 December 2017
It is registered under Societies act
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