It refund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 February 2012 Dear Sir,
We got IT refund of Rs. 22,000/- (Intt Rs. 2,000/-) then where to present these Rs. 20K & 2k in B/s .

Thanks

Raj

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 February 2012 Income tax refund adjusted with the IT refund ledger for the particular year, incase IT refund ledger not created, you need to adjust with passing set off entries with Provision for taxation&TDS all

Interest on Income tax refund need to credit other incomes