what is the journal entry for tax refund?
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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
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Answer / rahajul alam choudhury
For Refund
1. Incase of Partnership firm
firms capital a/c ----Dr
To Income Tax refund
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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 |
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 |
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