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.......


Answer Posted / krishna

previous year there is a balance in provision for income tax
a/c Rs.23000,we need to carry forward that one and you need to
do the following process:
first add current year provision amount,
next less whatever you paid as an advance
and the balance you need to carry forward i.e.Rs.3000
(23000+0-20000)

Is This Answer Correct ?    0 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to calculate entry tax ??(In karnataka) Pls advice me complete computation details.

8077


what about WCT (Work Contract Tax)

1600


sir, can you give me clarification briefly how to capitalized and which one capitalized

1630


In an E1 trasaction, if the dealer fails to get the E1form from his supplier& submit it to the Sales Tax Authority, then how much will be the expected penalty from Sales Tax department, if the local tax of those item is 14.5%? Please Note: Dealer has submitted all other documents to sales tax including customer Cform expect E1 form. Kindly give us the valuable answer with the supporting CST circular number.

1167


We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices

1730






how & on which amt tax should be calculate on pvt ltd company or ltd company

1892


i wanna p.y tax assistant exam question paper Please send this as earlier as.

1636


My client is a Partnership Firm and was converted in to the Pvt. Company. Now, the Question is that the both the entity i.e. Partnership Firm and Company entitled to get the Depreciation of Proportionarate basis, they used the Assets? I reffered to the Income TAx Act, there is no any specification regarding the convertion only the amalagamation and merger.

1610


my manufacture company established in Excise exempted Area. and we pay freight to transpoter.& also deduct service tax.what will be the entry of this transaction. can i adjust this service tax payable from input service tax of telephone bill.

1514


Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?

654


How to Prepare Balance Sheet for Annual Tax Assessment. Do You Have any Format, Please send on (Pankajica15@gmail.com)

1532


Dear Sir, We are running a security agency. Please suggest us Notification No.:15/2012 service Tax dated 17.03.12 which is effected from 01.07.12 Please suggest how to raise bill on our clients.

3295


what is cenvat credit? plz tell service tax interest rate and watz it procedure...

1780


How to working service tax in excel sheet?

1783


can we purchase software agaist Form under In the telecommunications network; or

1867