Self assessment tax
CA Priti Bamal (138 Points)
25 September 2019CA Priti Bamal (138 Points)
25 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 25 September 2019
1. If the same was debited from the personal account the name of the person will appear as creditors in the books of accounts. As far as taxes are concerned it does not matter who made the payment.
2. In your case, if self-assessment taxes are paid from other accounts then the person from whose account the payments were made will appear as creditors in your BOA.
Please correct me if the above solution has an alternative view.
CA Priti Bamal
(138 Points)
Replied 25 September 2019
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 25 September 2019
Credit to Bank and debit Tax paid account
Ajay Neema
(51 Points)
Replied 25 September 2019
shivam hy
(yel)
(83 Points)
Replied 25 September 2019
Kapadia Pravin
(17259 Points)
Replied 25 September 2019
Ajay Neema
(51 Points)
Replied 25 September 2019
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)