outstanding tax demand
This query is : Open
27 August 2016
I have tax a refundable of .Rs.120000.department issued me a refund of 108000 with an interest of Rs.1500. for balance they raised a demand.what journal entry should I pass to account this?
27 August 2016
Deae Aratht,
How can refund and demand get generated in single return
Kindly post your query correctly
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27 August 2016
they issued refund only to the extent of 108000 with interest 1500.the balance was not remitted.the refund pertains to AY 12-13.
27 August 2016
Dear Aratht,
Check intimation under 143(1) as what they have disallowed or any mismatch is there
After that file a rectification your return will be reprocessed
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