Provision entry for current Year
Income Tax A/c ----Dr
To Income Tax Payable A/c
Adjustment entry in next Year
Income tax payable---Dr
To bank A/c

kindly tell me which head of income tax a/c and income tax payble a/c


No Answer is Posted For this Question
Be the First to Post Answer

Post New Answer

More Taxation Interview Questions

What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com

0 Answers  


what is the actual use of pure agent in tally erp 9 and why we use in tally .and what is the role of pure agent

0 Answers   Chartered Accountant,


What is the difference beteen service tax & Excise Duty ?

1 Answers  


why direct tax as a career field? why u have chosen direct tax as a field?

0 Answers  


If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?

0 Answers   SPPL,






A Accounts Manager of a Company ask You have complete knowledge about income tax. The question is that What things involve in complete income tax

5 Answers   ICICI,


what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?

0 Answers  


what are the indirect taxes?

4 Answers   KPMG,


please tel me Karnataka vat,sale tax deposit from and return from

0 Answers  


PURCHASE OF FIXED ASSETS THAT PURCHASE TO CLAIM THE VAT PAYMENT ?

4 Answers  


Advance given to wife for buying a property ; tax treatment?

2 Answers  


what is PBT? FBT? how they are calculated?

1 Answers  


Categories