Dear
What will be the treatement for the following situation in a Partnership Firm
Advance Tax Paid 2,75,000
Tax Payable is 261000
1 Replies
sanjana
(article)
(80 Points)
Replied 30 May 2013
The difference of Rs.14000 will be treated as asset (loans and advances) and claim refund. on receipt of refund, set it off with this asset.
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