journal entry for income tax paid when tds is lesser than income tax for personal accounts purposes
Menu
What entry will be passed if tds is lesser than the income tax
Replies (3)
Dr Income Tax Payable
Cr Bank(Self Assessment Tax paid)
Cr TDS Receivable
Cr Bank(Self Assessment Tax paid)
Cr TDS Receivable
Agree with the above entry..
Thanku Sir
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
