Jounal entry of income for taxation
This query is : Resolved
01 April 2014
jounal entry of income for taxation
01 April 2014
You are not clear what actually you want. Is it for transfer of profit from P & L A/c then P & L A/c debit and credit the capital account in case of company credit to reserves & surplus.
If you are asking for income tax paid then the entry will be credit advance tax or TDS and debit provisions balance if any can be transferred to other assessment years. In case payment of Self assessment then debit directly to P & L a/c
If you are asking for income tax paid then the entry will be credit advance tax or TDS and debit provisions balance if any can be transferred to other assessment years. In case payment of Self assessment then debit directly to P & L a/c
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- Copyright software
- SFT Cash Deposit in Current Account
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
