Income tax refund
This query is : Resolved
23 February 2009
What is the accounting for income tax refund amount ?
23 February 2009
It is to be adjusted with the balance standing in the ledger of Advance tax/TDS Recievable, and the interest portion is credited to Indirect incomes.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Make-up ITC- Eligibility
- GST registration /aadion a new place of business in the same state and city
- Overtime income in salaried person case
- GTA (FCM & RCM) service in same GSTN registration with multiple business segment
- RCM invoice related QRMP
- Preparation of PL BS and presentation in ITR
- CSR Applicability FY 2425
- I have filed my IT return for the financial year 2022-23 ITR-4 in old verson, next year i.e. 2023-24
- Business code 14005 under 44ADA
- Regarding Trading & Investment in Shares and MF in the context of Income tax return
- Gst registration FY 2024-25
- Delay in filing Form 10 of a trust for asst year 23-24
- Form G for capital gain account closure
- AMENDMENT OF GSTR-1 B2B
- Late fee CMP-08 FY 2021-22
- Mismatch in gstr-1 and eway bill invoice no
- Clarification Regarding Tax Deduction at Source on Receipt Against Issuance of Privilege Voucher
- GST TDS on metal scrap
- ITC Inter head difference
- 80CCD(2) of IT ACT
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
