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

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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.

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

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CA R SEETHARAMAN (Expert)
05 November 2022 Bank statement is enough to book such entries.
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Daya

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

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CA R SEETHARAMAN (Expert)
08 November 2022 Check the refund orders.
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