RECEIVED RS.10000/- CLAIM IN CURRENT YEAR WHICH IS PERTAINING TO PREVIOUS YEAR TAX PAYMENT MADE OF RS.60000/- HOW TO BOOK RECEIVABLE ENTRY IN PREVIOUS YEAR
Menu
Refund claim received
Replies (3)
Where is from received...?
Where to you paid...?
🤔🤔🤔🤔🤔
Where to you paid...?
🤔🤔🤔🤔🤔
treat it as income for current year
If the Tax amount receivabe was kept under current assets last year, adjust it with that. Else add it to Capital A/c. Since it is tax refund, cant be treated as Income.
Recent Topic
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
- Section 192 2(b) entry in IT return ITR 1
- Rent from redevelopment property
- How to find FMV of inherited gold after selling it
- Happy CA Day!!
Related Topics
CAclubindia
