Answer Posted / yash r p
If provision entry made at the year end
Provision for Income Tax... Dr
Income Tax Refund.... Dr
Advance Tax... Cr
TDS.. Cr
Int. on Income Tax refund...
Receipt Entry
Bank A/c... Dr
Income Tax Refund
before passinf entry refere the assessment order
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
can we do manual tds return file or r-tds is complusry? if we can do manual tds return file, where i have to go for return file. like we go to income tax department for Income tax return file in manula tds case.
how we calculate the tds on salary.
We are a UK company selling electronic s/w licenses to customer in India. We have a PAN Number. Why is TDS being deducted on a product? Why is TDS calculated on the invoice value - surely it is supposed to be on Income and not Turnover? What is the correct TDS % deduction?
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
is there in india the rate of work contract are same in all states if now what are the statewise rate
in case of vehicle hired for staff pick up & drop for 1 month or 1 year, TDS is applicable ? if yes then which code is mention in challan & which rate is applicable ? in case of vehicle orner is personal or company which rate applicatble ?
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
What is the SEZ formalties in cement Industry?
IF WE ARE WORKING IN PHARMA COMPANY & I SEND THE MEDICINE SAMPLE TO THE SALSMAN IN VARIOUS PLASE OF INDIA THAT TIME MADE INVOICE OR ANY OTHER CHALLN OR RECIEPT WHAT AS PER LAW ANY TAX APPLIED IN THE INVOICE & WHICH FORM WILL BE REQUIRED HOW TO GET IT, PLEASE GIVE ME DETAIL ALL INFORMATION WITH EXAMPLE & WHAT ENTEY OF THIS TRANSATION IN BOOKS OF ACCOUNT
how to modify 12% to 13.5% in tallyerp9 release 1.6
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
How treat TDS & TCS in manual or Tally 9 softwere ?
what is fbt@ ,sd @
Daily announced price of Gold. this price is included vat ya without vat. pls give me solution.