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Income tax Refund

This query is : Resolved 
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(Querist)
28 December 2007 How to do accounting treatment for following Income tax refund?

case
TDS=48000/-
Provision for income tax=44000/-
Income tax refund=2000/-
Actual income tax=46000/-

then
at the time of Refund what should be the Journal entry?

Mahesh Chandorkar(CA Inter)
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CA. Dashrath Maheshwari

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CA. Dashrath Maheshwari (Expert)
28 December 2007 Dr. provision for IT 44000
Dr. Income Tax 2000
Dr. Bank account 2000
Cr. TDS Receivable 48000
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Mahesh B Chandorkar

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Mahesh B Chandorkar (Querist)
28 December 2007 Thanx
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