Fahim Shaikh (189 Points)
18 March 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 18 March 2021
Advance Tax Payment under Short Term Loans & Advances , under Current Asset asset Side Balance sheet as per Schedule III of the Companies Act 2013
Pass J. E
Advance Tax A/c Dr
To Bank A/c Cr
( Payment of Advance Tax to Govt A/c )
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 18 March 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14846 Points)
Replied 18 March 2021
We are paying Tax in advance therefore It is under Advances under Current Asset and Same was mentioned above .
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
CAclubindia
