JV for provision tax
This query is : Resolved
20 May 2011
income tax- dr
to, provision for income tax
is this entry correct? if correct then how this income tax a/c & provision a/c will nulify after assessment.
to, provision for income tax
is this entry correct? if correct then how this income tax a/c & provision a/c will nulify after assessment.
CA Navin Jain
(Expert)
20 May 2011
ans of 1.
Profit & loss appropriation - dr
to provision of income tax
ans of 2
provision for income tax -dr
to advance income tax if any
to tds receivable if any
to self assessment tax if any
Profit & loss appropriation - dr
to provision of income tax
ans of 2
provision for income tax -dr
to advance income tax if any
to tds receivable if any
to self assessment tax if any
20 May 2011
thanks sir. but what about p/l appropriation a/c. it will carry balance in next year?
p/l appropriation a/c wil come under which category as i want to do entry in tally.
p/l appropriation a/c wil come under which category as i want to do entry in tally.
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