09 November 2019
Dear Expert, My company has made a tax provision for A.Y. 2015-16 of Rs.73,60,000/- and TDS credit for the year was Rs.86,22,562/-. The TDS credit was under the name of TDS Ass Year 2015-16 in the balance sheet. Now, the assessment was completed in the year A.Y. 2019-20 and refund of Rs.18,19,050/- was determined including interest and paid to us. We are in appeal with ITAT for some expenses dis-allowance.
My query is the entry to be passed for this refund. Please guide us.
CAclubindia
