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Excess provision for income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
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.

Thank You.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
16 January 2019 Adjust the excess provision in the next year tax provisions.

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