Journal entries relating to Income tax

for advance tax: advance tax a/c...........Dr.  Cash a/c ...........Cr.

for provision for taxation: p/l a/c ........Dr.  provision for Tax a/c .........Cr.

for deferred tax asset:  DTA..........Dr.   p/l a/c..........Cr.

for deferred tax liabilities:  p/l a/c ..........Dr.   DTL........CR.

.

.

advance tax:
advance tax a/c     Dr.

             Cash a/c    Cr.

provision for taxation:

p&l a/c         Dr.

     provision for Tax a/c       Cr.

deferred tax asset: 

DTA        Dr.

     p&l a/c       Cr.

deferred tax liabilities: 

p&l a/c          Dr. 

       DTL            CR.

and in next year or on completion of assesment you need to setoff advance tax against provison for tax

Sudipto and Devanshi are absolutely correct

Ekdum Correct...

dear sir plz tell me journal entry of income tax paid for the fy 2011-2012.. should i pass entry in fy 2012-2013.. capital A/c dr cash cr

DEAR SIR, PLEASE TELL ME THE JOURNAL ENTRY OF ACCRUAL PAYBLE IF

AUDIT FEE LY- 2500

PAID THIS YEAR- 3000

FY 2011-12- PAYBLE 3550