wats the journal entry for payament of Company's Income Tax &
under what head does income tax comes in TAlly
Answer Posted / sathish kaluvala
first create the income tax ledger under group as indirect expenses.
the journal entry is...
Debit: incometax xxxxxx
credit: cash/bank
in payment voucher
| Is This Answer Correct ? | 9 Yes | 3 No |
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I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL
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