income tax entry

This query is : Open

Sahil Nagpal (Querist)
Follow

07 October 2017 we have the propritorship concern and we paid the advance tax 25000 and at time of filing of itr we actually show the income tax 10000 and now rs 15000 refund. what are the accounting treatment of thes transactions???

RAJA P M

RAJA P M (Expert)
Follow

07 October 2017 Above said question's answer is in your payment entry...!!!

How to enter the Advance Tax in Your books of Accounts...?
The same way you ll reverse/ Receipt entry pass

Sahil Nagpal

Sahil Nagpal (Querist)
Follow

07 October 2017 what is the entry of 10000 income tax

Upgrade to CAclubindia Pro. Subscribe Now!