Refund
This query is : Open
Amandeep Singh
(Querist)
03 October 2017
Dear sir
I have received 15300/- income tax refund in my account
please suggest how i can adjust the entry
Previous year when we finalized the balance sheet i was debite whole income tax to capital account
I have received 15300/- income tax refund in my account
please suggest how i can adjust the entry
Previous year when we finalized the balance sheet i was debite whole income tax to capital account
Amol S Joglekar
(Expert)
03 October 2017
now you can credit this amount to capital account.
Message likes :
1 times
03 October 2017
Yes... I agreed to Mr Amol S Joglekar Sir.,
@Amandeep Singh.,
Yes. You can credit it to Capital account...
Message likes :
1 times
CA Rashmi Gandhi
(Expert)
03 October 2017
Credit the amt so received in your capital account & show the interest portion of it in income from other sources.
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Tax on Amount transferred in HUF Account
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
