Income tax provision entry
Querist : Anonymous
HOW TO PASS THE ENTRY
DO I PASS LIKE THIS ?
DR.INCOME TAX (PROVISION)RS.3500/-
CR. CAPITAL (MY SELF) RS.3500/-
to Income tax provision
Querist : Anonymous
INCOME TAX EXP
AND
INCOME TAX PROVISION
to income tax provision a/c
Show income tax prov. under Current Liab & Prov.
and Income tax exp is shown after PAT under P&L A/c
to income tax provision a/c
Show income tax prov. under Current Liab & Prov.
and Income tax exp is shown after PAT under P&L A/c
Advance Tax Paid Dr
Bank Cr
TDS(Assets) Dr
Sundry Debtors Cr
Income Tax Exp Dr
Advance Tax Cr
TDS (Assets) Cr
IncomeTaxPayable Cr
Querist : Anonymous
BUT I DONT KNOW HOW TO ENTER INCOME TAX EXP. ENTRY SHOWN AFTER PAT UNDER P&L A/C.
Expenses xxxx
Net profit after tax xxxx
Less: Income tax expense xxxx
Profit after tax...
The entry is to be shown before PAT, wrongly posted in the earlier comment.
Click here to login now
Similar Resolved Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
