Refund the income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 July 2014
Good morning for all,
let me know the treatment of Income tax refund of previous year in the current year.
let me know the treatment of Income tax refund of previous year in the current year.
18 July 2014
Bank A/c Dr.(Amt of refund received)
To IT Refund Receivable A/c (Amt shown in B/s)
To Interest on IT refund recd (income from other sources)
To IT Refund Receivable A/c (Amt shown in B/s)
To Interest on IT refund recd (income from other sources)
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