Refund
This query is : Open
03 October 2017
Dear sir
I have received 15300/- income tax refund in my account
please suggest how i can adjust the entry
Previous year when we finalized the balance sheet i was debite whole income tax to capital account
I have received 15300/- income tax refund in my account
please suggest how i can adjust the entry
Previous year when we finalized the balance sheet i was debite whole income tax to capital account
03 October 2017
now you can credit this amount to capital account.
Message likes :
1 times
03 October 2017
Yes... I agreed to Mr Amol S Joglekar Sir.,
@Amandeep Singh.,
Yes. You can credit it to Capital account...
Message likes :
1 times
03 October 2017
Credit the amt so received in your capital account & show the interest portion of it in income from other sources.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- RCM - commercial rent paid to URP under GST
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Gst Sales of FY 2023-24
- Legal heir raised refund , but refund issued to the closed account of deceased.
- My Last working day in current org is in novemebr 2024 but they are asking me to submit IT proof
- Indexation benefit applicability
- SEC 54 OF IT ACT
- Passed group 2 exams under wrong gender
- REQUIREMENT OF 15CB
- QUERY FOR RCM ON RENT
- APPEAL-CIT
- Payable outstanding for years disallowance
- Whether still royalty
- Issue of gst e invoice
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
