Dear Sir's,
we have paid Self assment tax of Rs. 4921311 & TDS receivable is Rs. 71962 for the Year 2016-17 this two amount are open in current asset plz let me knoow the closing entry
Menu
Self assessment tax and advance tax
Replies (3)
Debit Capital A/C -4993273
Credit SAT-4921311
Credit TDS Rece-71962
is it correct Entry?
Trasfer self asessment taxto capital account.
Is TDS receivable is adjusted against the tax paid by you??
tax liability (incl cess) 1000
less: tdas. 300
balance paid. 700
entry for the above case
tax liability a/c. Dr. 10000
to TDAS. 300
to Bank. 700
less: tdas. 300
balance paid. 700
entry for the above case
tax liability a/c. Dr. 10000
to TDAS. 300
to Bank. 700
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
