Provision for income tax
This query is : Resolved
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
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
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Opting our of sec 44AD
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- ITC of GST for landlord Rental Income
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- 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
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
