please explain with concepts the treatment of the following
| 31.3.2008 | 31.3.2009 | |
| provision for tax(cr.) | 70,000 | 1,00,000 |
| advance tax payment(Dr.) | 80,000 | 1,05,000 |
additional information:
during the year, income tax for the year 2007-2008 was assessed at Rs.76,000. a cheque of Rs.4,000 was received along with assessment order towards refund of income tax paid in excess, by way of advance tax paid in earlier years.
thanks in advance/........
| Originally posted by : Aksh*ta | ||
 |
please explain with concepts the treatment of the following 31.3.2008 31.3.2009 provision for tax(cr.) 70,000 1,00,000 advance tax payment(Dr.) 80,000 1,05,000 additional information: during the year, income tax for the year 2007-2008 was assessed at Rs.76,000. a cheque of Rs.4,000 was received along with assessment order towards refund of income tax paid in excess, by way of advance tax paid in earlier years. thanks in advance/........ |
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