It refund entry in journal and payment
This query is : Resolved
Jogesh Jain
(Querist)
06 December 2013
Plz solve the queries?
1. Provision for Income Tax(Asst
Year-12-13= Rs 138662/-
2.Tax deducted at source (Asst
Year-12-13= Rs 343988.85/-
3.It Refund Received - Rs 2,19,700/- in F.Y-
13-14
Plz tell me the Journal as well as Payment Entry In Tally.its urgent
1. Provision for Income Tax(Asst
Year-12-13= Rs 138662/-
2.Tax deducted at source (Asst
Year-12-13= Rs 343988.85/-
3.It Refund Received - Rs 2,19,700/- in F.Y-
13-14
Plz tell me the Journal as well as Payment Entry In Tally.its urgent
CMA Ramesh Krishnan
(Expert)
06 December 2013
entry will be
Dr:Provision for taxation Rs.138662
Dr: Bank ( for refund amount) Rs.219700
Cr: TDS Rs.343988.85
Cr: Interest on TDS refund Rs.14374
entry will be
Dr:Provision for taxation Rs.138662
Dr: Bank ( for refund amount) Rs.219700
Cr: TDS Rs.343988.85
Cr: Interest on TDS refund Rs.14374
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Jogesh Jain
(Querist)
07 December 2013
Thanks a lot. Plz answer my query which I have already posted prevoiusly
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