wats the journal entry for payament of Company's Income Tax &
under what head does income tax comes in TAlly
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Answer Posted / amit tiwari
Advance Tax A/c Dr.
to Bank/cash
(Being Advance tax deposit 1/2/3 or final Installment)
if TDS Deposit
TDS on Professional fees/contract/Salary Dr.
to Bank/cash
(Being TDS deposit for the month of........)
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