Provision for taxation

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2013 Dear Sir,

I have not made the provision for income tax for year 2011-12
My Tds Receivable was Rs. 30,000/-
As per my working income tax payable was Rs. 64663/-
In current year i paid Rs. 34663/- and pass the entry as below
self assetsment year2012-13 Dr. 64663
To Tds Receivable Cr. 30000
To Bank a/c Cr. 34,663
Now what i should do pl. let me know.
my all accounts are nil do i require to any modification

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 June 2013 Now transfer the Self Assessment year 2012-13 A/c's Balance to your capital account.
.

Querist : Anonymous

Querist : Anonymous (Querist)

28 June 2013 Dear Sir,

There is no balance both accounts areknocked off.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 June 2013 On the basis of your query it does not seem so. Just tell me which account shows a Dr. balance of Rs. 64663/- now. Transfer that to capital a/c.
.

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