Refund of income tax in bank statement in the case of Company/Partnership firm/Proprietorship firm


This query is : Resolved 

Quick Summary
This discussion addresses how companies, partnerships, and proprietorships can account for income tax refunds and associated interest. It explores what documentation is needed, whether a bank statement suffices, and how to correctly allocate accumulated refund amounts received in the bank by referring to refund orders.

(Querist)
05 November 2022 what documents require to income tax refund of TAX amount and interest income to book in our books of accounts.

05 November 2022 Bank statement is enough to book such entries.

Daya (Querist)
08 November 2022 Sir ,
Accumulated figures received in our bank,
how to bifurcate it.

08 November 2022 Check the refund orders.


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