Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

if Advance Tax is diposited by u Rs.200000/-
TDS Deposited Rs.100000/-
Assesment tax raised by It depart ment Rs.350000/-
What will be the Journal entries?

Answer Posted / smitha satheesh

Income tax Dr 350000
To Advance Tax 200000
TDS 100000
cash/Bank 50000

(Being IT assessed by IT dept paid after setting off
advance tax & TDS)

Is This Answer Correct ?    9 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

DEFINATION OF LABOUR ACT?

2314


What is the difference between excise & service tax?

1159


If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.

1910


How to reconcilation of modvat

2330


The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.

2055


Sir please confirm job work sale for clothes shat d1 yes & no

1788


Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.

2226


we charge service tax in our Invoice.we pay it in time. At the end of the year other party gives his deduction as certificate. what to do with it ? how to submit again to tax authorities?

1923


WHAT IS THE BANK RECONSILATION, WHAT THE FORMAT OF IT

2264


what to in pro

2381


How To Calculate Gross Sales for vat return -15

2209


what is a rule for issue form 38 and tham form c any purchaser can issue form 38 or there is certain rule and regulation.

3281


How to file the CST return and which form is use.

1789


WHEN FORM VAT R-2 USE?

2141


What qualification require for become a tax consultant ? what the future in this..???

2786