Journal entry

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2014 Hi CCI friends,

I have IT refund due of Rs.48986/- for AY - 13-14. (i.e. Tax Liability Rs.10824/- Less TDS 59810)

I received the refund of Rs.50940/- on 12/02/2014 (Incl. of Interest)

Now my query is what is the journal entry for this & how to nullify the same.?

Plz suggest me.

Thank you,

PANKAJ KUMAR

PANKAJ KUMAR (Expert)
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05 April 2014 Bank Dr 50940
To TDS 48986
To intt on I.T Refund 1954

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2014 Sir,

I have also provided Provision for tax Rs.11,000/- for AY-13-14

Then what abt remaining TDS 10,284

then how to nullify this....?

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