Journal entry
This query is : Resolved
10 May 2017
income tax refunded 10050, income tax 9550, interest 550 whts is journal entry
10 May 2017
Bank Dr
To Interest on IT refund
To provision for refund(P&L A/c) (the account which u have created for refund after filing of IT return)
To Interest on IT refund
To provision for refund(P&L A/c) (the account which u have created for refund after filing of IT return)
Message likes :
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10 May 2017
Can't get u. Elaborate
10 May 2017
rent paid 20000/- tds 20% adjusted against commison 15000/- and balance paid into bank
10 May 2017
Ajay u r confusing urself and me. What do u wanna ask? Income Tax refund or rent received entry?? First make urself clear then raise the query.
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