i paid income tax from my company bank a/c. so how to do entry

This query is : Resolved

lalit jain (Querist)
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30 December 2016 for example i paid 25000 on 13.11.16 for income tax return 2015-2016 and now running 2016-2017 so how to entry and where can i entry.... journal or payment? also tell me income tax head (master under which group)... thanks in advance. ....

CA CMA Krishna Agrawal

CA CMA Krishna Agrawal (Expert)
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30 December 2016 In Case Income tax of Company
then,

Journal Entry
Provision for Income Tax A/c(Provisions) Dr
To Cash/Bank A/c
(Being Income tax paid for Fy 15-16)

If Income tax of Urself
then Journal Entry

Your a/c Dr
To Cash / Bank A/c
(Being Loans and advance given to Mr....)