how to close the very old TDS receivable legder, Advance tax ,provision for tax, provision for gratutity and provision for deferred tax???
also Provision for FBT is showing in trail.
Plz experts give me a detailed view.
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Tds asset and self assessment tax
Replies (1)
Provision for income tax need to be adjusted with your actual income tax payment & tds receivable for the particular financial year.
FBT also need to be adjusted with the fbt payment for the particular financial year
Grautity provision need to be corrected with every year provision requirement whether debiting or crediting the gratuity expenses
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