Provision for income tax
This query is : Resolved
Avik Banerjee
(Querist)
26 November 2018
sir,
Expert can anybody help journal entry regarding provision for income tax and adjustment regarding DTA/DTL Advance tax, self-Assessment tax, Tds Receivable and payment regarding them
Expert can anybody help journal entry regarding provision for income tax and adjustment regarding DTA/DTL Advance tax, self-Assessment tax, Tds Receivable and payment regarding them
KAVIRAJA ADDANGADI
(Expert)
26 November 2018
Advance tax Dr
Cr Bank A/c
Self assessment tax income tax provision made after adjusting advance tax and tds
Income tax payable a/c Dr
To Advance Income Tax
To TDS receivable
To Bank A/c
Income Tax Provision
Income Tax dr
To Income Tax payable
DTL
Profit and Loss account Dr
To DTL
DTA
DTA Dr
To Profits and loss account
Cr Bank A/c
Self assessment tax income tax provision made after adjusting advance tax and tds
Income tax payable a/c Dr
To Advance Income Tax
To TDS receivable
To Bank A/c
Income Tax Provision
Income Tax dr
To Income Tax payable
DTL
Profit and Loss account Dr
To DTL
DTA
DTA Dr
To Profits and loss account
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