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Journal Entry

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(Querist)
19 July 2008 Sir,

in my privious query i asked about the journal entry of provision for current year when i will make the provision for fbt and taxes
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
19 July 2008 Profit and Loss App A/c Dr
To Provision for I.Tax

Profit and Loss App A/c Dr
To Provision for FBT

for reversal of provision of AY 07-08
Provision for I.tax(AY07-08)Dr
To Income tax paid/TDS paid

Shortfal or surplus left in provision a/c will be transferred to P & L App A/c
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
19 July 2008 You will make the provision for fbt and taxes after finalize of Balance Sheet




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