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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?
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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 |
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