INCOME TAX REFUND

A/c entries 5587 views 2 replies
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Accountant
189 Points Joined February 2011

DEAR ALL

PLEASE HELP ME HOW CAN I ENTRY OF I.TAX REFUND AFTER FILING I.T.RETURN

EXAMPLE Mrs X CLAIM FOR I.TAX REFUND AMOUNT 17,500.00

  1. HOW CAN I CREATE LEDGER & WHICH GROUP UNDER IN TALLY 
  2. HOW TO ENTRY PASS ON 01.04.2010

THANKS TO ALL OF YOU IN ADVANCE

ARSHAD

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On 12 March 2011 at 19:17 Report
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IPCC Student CWA Inter & Processing off
492 Points Joined October 2010

Hi friend

On 1.4.2010, u dont want to pass any entry regarding this. After receiving the Refund u pass entry as

Bank/Cash A/c Dr

   To X's Capital A/c

(being IT Refund amount received)

 

Thanks & Regards

R Shriram

1 Reply
On 12 March 2011 at 19:47
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Dombivli
21 Points Joined September 2009

CAN YOU TELL ME THE REASON WHY IT WILL BE ADDED TO CAPITAL ACCOUNT?

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On 13 September 2011 at 14:39


CCI Pro

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