what is the journal entry for tax refund?

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what is the journal entry for tax refund?..

Answer / vijay

I have not received tds refund of a.y-2014-15 then what will be the entry at the time of year end f.y-2014-13

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for tax refund?..

Answer / rahajul alam choudhury

For Refund
1. Incase of Partnership firm
firms capital a/c ----Dr
To Income Tax refund

Is This Answer Correct ?    0 Yes 0 No

what is the journal entry for tax refund?..

Answer / mohit

if the tax is to be refunded back then the entry will be

Income tax (Party Name)A/C Dr
to Bank A/c

Is This Answer Correct ?    1 Yes 3 No

what is the journal entry for tax refund?..

Answer / jatin

as per Tax authority its
Refund Dr
To Bank.. Cr

as per Dealer
Bank/Cash. Dr
To Tax authority Cr

Is This Answer Correct ?    9 Yes 26 No

what is the journal entry for tax refund?..

Answer / seshagiri

BANK A/C..........DR
TO RATES & TAXES A/C.

Is This Answer Correct ?    5 Yes 45 No

what is the journal entry for tax refund?..

Answer / deep

Income tax a/c dr
To P&L a/c cr

Is This Answer Correct ?    7 Yes 48 No

what is the journal entry for tax refund?..

Answer / bhagyashri

income tax a/c
To bank a/c
To discount a/c

Is This Answer Correct ?    5 Yes 63 No

what is the journal entry for tax refund?..

Answer / praveen

Income tax refund a/c - dr
To Bank a/c.

Is This Answer Correct ?    19 Yes 146 No

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