Please suggest me a adjustment entry for IT refund in company books where there is no prepaid tax receivable in balance sheet?? Last year by mistake i closed TDS & Advance Tax, and nothing kept for refund adjustment.
Thank you in advance.
Menu
Accounting adjustment entry for income tax refund in a company books
Replies (2)
bank AC Dr
to PL
to PL
Thank you..
But i am not intending to show the same in profit and loss account, I need a entry to close the IT refund..
Recent Threads
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
Related Threads
CAclubindia
