Excess provision made in last year for income tax
Gagan Aggarwal (226 Points)
08 January 2018
What is the entry for write off this excess provision of income tax?
Gagan Aggarwal (226 Points)
08 January 2018
Dipanshu arora
(CA Final Student)
(418 Points)
Replied 08 January 2018
I I can get ur query, it pertains to excess provision made that is appearing in the liability.Write off it as
Provision for Income Tax A/c
To Profit and loss A/c.
(Being Excess liability wittern Off)
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