Interested to Buy Any Domain ? << Click Here >> for more details...
If Advance deposited Rs.200000/-, TDS diposited Rs.100000/-
& Provision for Income Tax is Rs.250000/- but It department
raise the Assessment Tax is Rs.350000/-. What will be the
journal entries?
- 4 Answers
- 8957 Views
- Honda, I also Faced
- E-Mail Answers
Answer Posted / pawan chavhan
provision for IT 250000
I.T for the earlier year 100000
Income tax payable 50000
TDS receivable 100000
Advance tax 200000
--------------------------
350000 350000
( being advance tax and tds receivable adjusted with provision of I.T)
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)
if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?
what is capital account? how to manage it? what is the process?
HOW THE INTEREST WILL BE CALCULATED IF WE MAKE INCOME TAX RETURNS LATE AND WHAT IS MEANT BY YEAR END?
What is the difference between Indian and us taxation
Sir please confirm job work sale for clothes shat d1 yes & no
How can deduct tds from auction cases (timber)
WCT charged on firm or on proprietor?
#IS IT NECESSARY TO COLLECT T.C.S ON EVERY POINT OF SALE# THAT IS IF MANUFACTURER SOLD ANY OTHER FOREST PRODUCE NOT BEING TENDU LEAVES (T.C.S @ 2.5%)TO TRADER,IS IT NECESSARY FOR TRADER TO DEDUCT T.C.S.MANUFACTURER ALREADY CHARGED T.C.S TO TRADER & ISSUED TO TRADER 27-D FORM.WAITING FOR CLEAR CUT REPLY
What do u mean by sales tax and who are sales tax practitioner ?
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
what is the scope of business taxation in private company?
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.
how to calculate vat, st, cst, excise duty, customs duty, tds.
