The company PAID ADVANCE TAX OF 10000 on 15 March

At year end on 31 Dec it made a a provision for tax of Rs 30000
It paid the balance tax on 20000

Pass Entries

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  1. Accounts and Finance
  2. Accounts with Taxes

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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.