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partnership firm tax payment journal entries
please share journal entry for the same. advance tax, tds,self assessment tax and it's adjustment with provision and partners capital account.
Replies (1)
Provision for Income Tax. Dr
To. TDS Received
To Advance Tax
Now if there's any excess provision made then the same will be written back to p&l and if there's any short provision done then p&l will be debited
To. TDS Received
To Advance Tax
Now if there's any excess provision made then the same will be written back to p&l and if there's any short provision done then p&l will be debited
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