Income tax refund
This query is : Resolved
19 June 2014
how to account for income tax refund when there is no provision for tax,tds or advance tax entries in Tally?
19 June 2014
If there is no advance tax,no tds or income tax paid then how can there be any refund...?
Nikhil Kaushik
(Expert)
19 June 2014
it means you have missed out passing entries for tax payment of tds receivable. so kindly correct your past accounting records.
Rupesh Jain
(Expert)
20 June 2014
it is not possible due to w/o tds your customer a/c not match and you cannnt recd. TDS pls correct yhopur entry and then book receipt entry against the tds amount .
24 June 2014
no it is not possible in this case to get refund when there is no tax paid in any form.
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