03 May 2011
ours is a construction company, we had made a provision for taxation for rs.315000 as on 31.03.10, there stands a dr. balance of tds deducted by client of rs.750000, the tax liability is rs.198000 and net refundable amt is rs.552000, how to do the adjusting entries, pls tel
03 May 2011
the provision was made as per book profit and tax liability is after income tax adjustment, how should all the three a/c provision for taxation, tds receivable and tax liabilty to be adjusted
CAclubindia
