Answer / sushil

bank ac dr to income tax refund a/c

Answer / jyotikanta bal

Bank A/C Dr
To Tax Refund A/C

Answer / k. srinivasa rao

jouna entry should be passed in books only when the create
of provision for taxation for the accounting year not for
refund received from income tax department. for the above
we have to pass a receipt entry i.e

Journal entry :
provision for taxation a/c. (Current liability)

To Advance income tax
To TDS Receivable



balance of excess paid

bank a/c. dr

to provision for taxation

Answer / satyaki_raju@yahoo.com

Bank a/c dr
To Income tax a/c
(Being tax refund recd)

Answer / s kavitha

bank a/c dr
capital account cr
if it is a proprietorship.

Answer / avijit hazra

for it refund
1)pass due entry
I.T REFUND -----DR.
ADVANCE TAX ----CR

2)PASS RECIVED ENTRY
BANK A/C-----DR.
I.T.REFUND---CR.

Answer / suman shaw

SUPPOSE ADVANCE TAX 100000/- ; AND PROVISION 99000/-
SO, BAL. IS REFUNDABLE. (I.E.- Rs.1000/-)

1ST JV. PROV. FOR I.TAX A/C ------ DR. 99000
(CUR. LIAB.)(bal. 00)
TO ADVANCE INCOME TAX A/C 99000
(UND- CUR. ASST.)(bal. 1000 DR.)

2ND JV. INCOME TAX REFUND A/C ---- DR 1000
(UND- CUR. ASST.)
TO ADVANCE INCOME TAX A/C 1000
(UND- CUR. ASST.)

Answer / nair

Bank A/c ...
To Income Tax refund
To Interest on Tax

Answer / jitendra

bank a/c dr.
to income tax refund

Answer / amit bhadana

Bank a/c Dr.
To Tax Refund A/c

Why always Balance Sheet Tally?

3 Answers  

2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty

0 Answers  

Expand ________BCSB

1 Answers  

what is the Meaning W.D.V in balance sheet.

2 Answers  

Do I need a waybill in the following case:- If I purchase (on bill) small quantity goods (like artificial jewelry) from one state (say Delhi) and transports it personally (say via flight) to other state (say West Bengal) along with my personal belongings and then I put them to sell through my boutique in that state. Do I need waybill? If yes, what will be the procedure? Do I need to pay entry tax at WB? What will be the procedure? Am I doing anything unlawful while transferring goods personally? Please give your advice. Regards, Manoj

0 Answers   Heritage River Journeys,

Expand ________EMI

5 Answers  

You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

0 Answers   IBM,

hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.

0 Answers   State Bank Of India SBI,

ACCOUNTING CONCEPTS AND CONVENTIONS

4 Answers   Bajaj, Bajaj Capital,

What is Bank Reconcilation Statement?

13 Answers   First Midwest Bank, IBM,

whether cash book is a subsidiary book?

12 Answers  

what is mutualfund?

12 Answers   Bank Of America, Banking, FactSet Systems,