Do we need to pass 3 entries for refund?

1 . at the time of filing the return which we calculate and
2 . at the time of receipt
3. when less refund is received or no refund is received so to reverse it from current asset?

IT Provision ( S.A.Tax) for P.Y. 2013-14 is paid in the current year so i passed the following entry

S.A.Tax ( Current Asset)
To Bank ( Current Asset)

but then while making the provision the entry passed was
p& l
to IT Provision ( Provisions)
so how will this IT Provision get reversed?

Also the advance tax paid of P.Y. is carried forward in the current year so i just have to check the current transactions in it?
The Refund of p.y. are showing in the current assets so how to reverse it?

Dear Sir, Our Computer Hardware Personnel completed Server Hosting Work & has given us bill for Inhouse Hosting for Rs.36000/-.
Pls. confirm if TDS will be applicable on the same. If yes, pls confirm section?

Hello 2 all

I have a query regarding accounting entry???

Suppose Mr. A Receive commission from Mr. B( is a Builder)and also purchase flat from him.

So, What will be the journal entry of that transaction.

1. Either net of commission in P/L A/c
Or
2. Commission showed as a Separate Income in P/L A/c.

Thanks

TDS u/s 194 J is applicable on Royalty payments to foreign Co, which is control & managed outside India, which doesn't have permanent establishment in India

Revaluation of Fixed Assets
a) Fixed Assets debit & Capital Reserve credit.

b) Subsequent years: Depreciation debit & Capital Reserve credit to respective Fixed Asset. (AS 28).
Would there be any tax liability?

sir,
when salaries become payable we make an entry like:
salaries a/c Dr.
To salaries payable a/c
but how to show this effect of salary to an individual employee not by way of a remark or a narration but by way of a journal entry??
also when advance was taken by employee (not salary advance) or cut due to leaves or so...

Thanks in advance

can anyone help on this calculation of depreciation as per the new companies act 2013

regards

pankaj

Indo diagnostic has a sample collection center in San verco, which collects & sends the samples to Indo Diagnostic on daily basis at a conveyance charge of Rs. 40 for each delivery
Dr. A. Chadha who is working with Indo Diagnostic is referred to the San verco patients being a local doc. He also sends his patients samples for tests to Indo Diagnostic.
The fee for such tests at doctor's place and San verco center is accumulated at doc's clinic and the same is sent to Indo Diagnostic every now and then.
In tally, book the daily transactions of San verco Center & Dr. A.Chadha in the books of INDO DIAGNOSTIC specifying the the voucher, a/c head,etc. Also taking in concern the cash received, discounts given, amount due with patients, and aggregate amount due with the doctor at the month end.

We paid self assesement Income tax for year
2013-14 , In oct 2014 . now how can make
paid tax entry in current year we completed
2013-14 audit. our firm is partnership we have
not made any tax provision in 2013-14 please
explain deeply