if Advance Tax is diposited by u Rs.200000/-
TDS Deposited Rs.100000/-
Assesment tax raised by It depart ment Rs.350000/-
What will be the Journal entries?

Answer Posted / sridhar

income tax a/c 350000

to advance tax 200000
to tds received 100000
to final assessment tax 50000

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to finalaze the balence process using tally

1937


if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?

1423


sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1208


Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.

1563


accounting taxation

1407






When and how Wct is applicable on Labour Job Work and what is the percentage?

2502


Is there any change in the section 80E for the financial year 2009-10

1722


Who advance tax is the asset for company? What are the accounting entries of advance income tax

1411


How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,

2758


HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX

1676


cst rates

1490


when charges PURCHASE @ 12 % TAX RATE ?

1442


IF MATERIAL TRFD. TO OTHER STATE BRANCH AS STOCK TRFD. IN FEBRUARY AND MATERIAL IS RECEIVED BY BRANCH IN THE M/O MARCH. THAN SHOULD WE ISUE A SEPARATE F FORM FOR THE M/O FEBRUARY AND MARCH

3632


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1571


which form no's wiil be used for filing IT,ADVANCE TAX, TDS,VAT,CST,ST,PT,EXICE DUTY,ESI,PF?What is the Due Dates? very urgent

1881