Please can one can clarify my doubts.
Suppose We have already filed balance sheet of our company for 2017-2018.
Income tax notice came and demanded to pay for eg Rs 9 Lacs for 2014-2015 and we have paid the same amount through cheque.
Please can anyone help me the entire process with journal entries and create of new ledger under which group. Because we cannot pass entries on back date and how we can create liability when balance sheet upto 2017 - 2018 has already been submitted.
When you issue cheque of RS 9 lacs income tax liabilities ? in the current year 2018-19 or in 2017-18 please clerify .
CAclubindia
