Income tax provision entries
This query is : Resolved
12 August 2014
sir/madam, please give me accounting entries for following transaction
whether entries for provision of tax are shown net of advance tax,TDS receivable or the advance tax and TDS is shown separate?
whether entries for provision of tax are shown net of advance tax,TDS receivable or the advance tax and TDS is shown separate?
12 August 2014
you can show net tax or separately.
provision of tax a./c dr
to TDS receivable
to advance tax depostited
to bank a/c
provision of tax a./c dr
to TDS receivable
to advance tax depostited
to bank a/c
12 August 2014
Profit & Loss A/c Dr
To, Provision for Taxation.
After receiving intimation u/s 143(1) or completion of assessment, you are write off against Advance Tax, TDS
Profit & Loss A/c Dr
To, Provision for Taxation.
After receiving intimation u/s 143(1) or completion of assessment, you are write off against Advance Tax, TDS
12 August 2014
Profit & Loss A/c Dr
To, Provision for Taxation.
After receiving intimation u/s 143(1) or completion of assessment, you are write off against Advance Tax, TDS
Profit & Loss A/c Dr
To, Provision for Taxation.
After receiving intimation u/s 143(1) or completion of assessment, you are write off against Advance Tax, TDS
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