IF WE PAID ADVANCE TAX ON 15TH SEPT WHEN SHOULD WE DEBIT THIS TAX TO PARTNERS CAPITAL ACCOUNT
Menu
Advance tax a/c entry partnership firm
Replies (2)
If Advance Tax is paid on behaft of the partner, debit to partners current account. If advance tax is paid on behalf of the firm Debit to Advance Tax Account.
At the time of deposit.
thanks
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
