VAISHNO (ACCOUNTANT) (69 Points)
03 September 2012Dear Gues,
I want to clear a entires in books of Accounts i.e. A company paid Income Tax in Advance for F.Y. 2010-11 & at the time of Income Tax Return Filling dt. 30.06.2011. The Advance Income Tax paid in F.Y. 2010-11 , treated as Provision of income Tax under Profit & Loss Appropriatoin A/c and what the traetment the payment made dt. 30.06.2011.
Pls give suggestion
C.A.M.S.ROY
(C. A.)
(478 Points)
Replied 03 September 2012
on 30/06/2011 entry will be
(income tax payable )/Provision for income tax- dr
To advance tax
To bank
CAclubindia
