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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.......
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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)
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