Interested to Buy Any Domain ? << Click Here >> for more details...
if our provision of taxation of particular year 23000/-
and on that year we paid advance tax 20000/-then how we
adjust this both amount.......
- 2 Answers
- 4507 Views
- I also Faced
- E-Mail Answers
Answer Posted / pradeep
income tax a/c dr 23000
to provision for taxation 23000
advance tax a/c dr 20000
to income tax a/c 20000
P/L a/c dr 20000
to advance tax a/c 20000
income tax a/c dr 20000
to cash/bank a/c 20000
balance amount will remain left in provision for taxation a/c:
Income tax a/c dr 3000
to provision for taxation a/c 3000
| Is This Answer Correct ? | 6 Yes | 0 No |
Post New Answer View All Answers
How Many Category of VAT in West Bengal
Please explain how to pass entry for VAT setoff and Service Tax Credit?
service tax
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
WHAT IS COMPOSITION RATE IN Andhara pradesh SALES TAX?
What is Form 12A & Form-H and where is applicable.
Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?
please let me know how to show the sales to unregisterd dealers in tn ctd new portal and in which annexure to select for filing sales to unregisterd dealers, cash / consumer sales
what do u meant by investment banking
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
What is income tax? How is it calculated?
WHAT IS THE LIMIT ABOVE WHICH WE CAN DEDUCT THE TDS ON VARIOUS CATEGORY LIKE PRIFESSION, CONTRACTOR, INTEREST, RENT, SALARY ETC.
What is DSCR and how to calculate the same.
if a buyer paid full cst 14.5% for a redistrable assect then whatis the registration process?
What is meant by asset clearance . how should i make my entries in tally
