Can Any one provide me the income tax entries for tds receivable not claimed for the past years say 06-07, 08-09, 09-10, 10-11. where to transfer the same. Also provide me the income tax adjustment entries for the previous year & current year for tax provision & its adjustment against the self assessment tax & tds paid.
Dear vardhan
income tax entry for the tax adjustment is
income tax Provision A/c (Dr) xxxx
To TDS Receivable A/c (Cr) xxxxx
To Advance Tax paid (Cr) xxxx
To Self Assessement Tax Paid xxxx
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
