15 January 2019
Sir Our client which is a pvt ltd co.has Opening Provision(1/4/18) for income tax as 91000.The co. has paid 90600 as self assessment tax for the f.y 17-18 of Rs.90600 (in sep 2018) and received Income tax refund of 1790 (in Dec 2018) of f.y 17-18.Now there is excess provision of 2190.How it will be accounted in books for F.Y 18-19 and we are working on cloud accounting software for the client.