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Provision for income tax and adjustment entry

This query is : Resolved 
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(Querist)
17 November 2024 at the time of making provision of income tax
we passed entry
income Tax Account Dr,
to Provision for income tax
but at the time of adjustment it
can we pass journal entry
Provision for exp. Dr
To TDS A/c
TO TCS A/c
To Advanve Tax
to Self Assessment Tax
is it correct entry.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
18 November 2024 Yes, it's right entry.
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CA Puja Sharma

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CA Puja Sharma (Expert)
18 November 2024 Yes you can make the entry by debiting Provision for Income Tax A/c
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