Tax accounting

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2015 Dear Sirs.,
I have an urgent query. Please go through the details below once:

FOR P.Y. 2014-15

Prov for Tax : Rs. 26939
Advance Tax paid: Nil
TDS Recievable : Rs. 1007

FOR P.Y. 2014-15:

Tax paid : Rs. 29000 (not sure of the excess amt paid, may be interest)
Advance tax paid foelr 2014-15: Rs 30000.

Prov for tax (2014-15): Rs. 764333.

Plz tell me how to adjust the above entries. Provide journal entries for the same. I need to close accounts for 2014-15. Its a Corporate Assesse.

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2015 Dear Sirs.,
I have an urgent query. Please go through the details below once:

FOR P.Y. 2014-15

Prov for Tax : Rs. 26939
Advance Tax paid: Nil
TDS Recievable : Rs. 1007

FOR P.Y. 2013-14

Tax paid : Rs. 29000 (not sure of the excess amt paid, may be interest)
Advance tax paid foelr 2014-15: Rs 30000.

Prov for tax (2014-15): Rs. 764333.

Plz tell me how to adjust the above entries. Provide journal entries for the same. I need to close accounts for 2014-15. Its a Corporate Assesse.

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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26 July 2025 https://docs.google.com/document/d/14-toStfrLcQtSK8byro1KBax3wF275ezD2nChWWxPi8/edit?usp=sharing

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