What is an entry for INCOME TAX REFUND ?
Answer / yash r p
If provision entry made at the year end
Provision for Income Tax... Dr
Income Tax Refund.... Dr
Advance Tax... Cr
TDS.. Cr
Int. on Income Tax refund...
Receipt Entry
Bank A/c... Dr
Income Tax Refund
before passinf entry refere the assessment order
Is This Answer Correct ? | 3 Yes | 0 No |
ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes
This is the WONDERFUL site I have ever seen. Sorry that I have selected the irrelevant category. But my question is whether I can get the right answers in this site ID for the interview questions available in this ID. If so please guide the navigation
What is the Procedure of Import & Export
Can the CST payments be adjusted with the VAT credit .
Can we debit cess & H.cess From Basic Excise Duty
what is vat,meaning,procedure,heads,rates,all form of vat,when vat is filled,full information about vat?
What is MAT ?
who will able to deduct the tds
TELL ME CST RATES, VATE REATES IN U.P. DELHI.
how many type of tax form used for sales tax, vat,service tax, excise duty & other tax ? what is the theory of all type of taxes applied in india ?
what is the proccesor to caculate the firm assement
Timings / Months when the advance tax shud be paid For Domestic companies?