How to book Provision for Income Tax | Income Tax Adjustment Entry | Account Finalization

[@AdityaDasgupta-ld5vc]

Mai vi accounts ka student tha, par bohot confusing and very lengthy hai, isiliye maine digital marketing me chala gaya and it is great.

[@rupalikapoor3159]

Respected sir,good information and explanation but you should add one more things interest 234A and 234b interest 234 C should show under finance expenses and same disallowed under income tax return.

[@CA_Practice]

Kindly, explain Tax Expenses, Deferred Tax, Current Tax Calculation and Presentation as per Latest "Guidance Note on Financial Statement for Non Corporate Entities"

[@theoblanca1062]

I also vouch for this comment

[@harindersingh8811]

❤well taught, concepts made clear

[@saiffgbdgdhbbhvasu7518]

THANKS A LOT FOR CRYSTAL CLEAR EXPLANATION OF PROVISION FOR TAXATION SRI GURU CHARANAM SHARANAM MAHMA

[@nareshgohel1806]

Lovely, excellent, Master class, classic. Love you sirji ❤

[@prosenjitbanerjee7490]

Sir please make a detailed video of deferred tax journal entries of subsequent years and its adjustment and provision of tax entries

[@CA_Hardev_Jadeja1]

Thank you sir for this information ❤ its very useful

[@whitedevilaayush]

16:47 nicely very useful video

[@aakashpawar676]

Please upload lecture on how to prepare cash flow statement in financial ❤

[@deepakchaudhary4725]

very nice explain sir

[@ankitkhandelwal4826]

Sir please make a video on Tax expense, Deferred Tax Asset/Liability & its entries in tally.

[@rajeshjain3804]

Hello sir, Please share some video on HUF return filing, Only income from other sources, mainly interest income. 87A rebate. And any other deductions.

[@whitedevilaayush]

Good level ke. Video fintax pro

[@adityasingh694]

Please discuss on deffered tax

[@poojapooja-mc6ic]

Hello sir... Individual/proprietorship ke case mein provision entry karna padega ya nahi....

[@panageshrikant697]

Nice explanation

[@amritpalsinghsidhu814]

Bhai study visa ley ITR kesa file karta hai. Agriculture income hai please eus par video bana ji.

[@kishanamin8307]

Aap kaha se ho? Place?

[@kishanamin8307]

Hum itr file krte he aise case me

[@arvindagrawal1920]

Sir old tax regime mein jane ke liye form 10ie 31 july tak file kar de uske baad yadi aug sep mein income tax return bharte hain to old tax regime mein return bhar sakte hai..

[@rajeshkumarsahoo4535]

Sir provision for income tax ki entry proprietor ke case mein nhi karte hai kya

[@payelmodak5459]

Refund for 23-24 dr jo ledger hai wo kis ke under hoga? Current assets?

[@MohitSharma-y2b]

Sir Provision Book karlie the ab mujhe Interest k sath payment karna hai jo ki karlie extra jo payment aya interest ka usko profit and loss mein debit karlia but Balance sheet mein kaise dikhana hai matlb ki FACE of BS and PL mein kaise report hoga old AY and new AY

[@pmsafee7426]

Thanks a lot Sir

[@yogeshrawat0210]

please explan how to calaucation provision of income tax ????

[@whitedevilaayush]

Thank you sir legend sir ji

[@arnavaj3392]

Tds receivable books me less se form 26AS se to kya adjustment entry kre

[@hemantagarwal958]

What will be the provision entry when the actual tax is less then the provision created

[@fintaxprop5542]

Reduce the provision first through PnL then do adjustment entry. Just opposite of 1st case

[@RAMLAL-ip3wm]

sir provision for income tax ka note kese download kare

[@ulhasraut1650]

How calculate of advance tax ?

[@incometax7145]

Sir agar mene business april 2024 m suru kiya and gst number may 2024 m liya regular. To april ko sale ka kya krna hoga? Becauze us time toere pass gst nai tha.

[@whitedevilaayush]

Nice sir

[@pardeeppaliwal9729]

तो फिर Deferred tax liabilty or deferred tax asset ki entry kab hogi? Plz do reply।

[@CA_Practice]

Hello Sir, Income Tax Paid not allowable in Income Tax. So, we use 'Capital A/c' group for Advance Tax, TDS and SA Tax by which it reflected on Debit side of Capital A/c. You have taken 'Current Account' Group for Advance Tax, Is this Corporate style of Accounting ? Because we mostly do small traders accounting so we take 'Capital Account' group.

[@fintaxprop5542]

Income tax is just like an normal expense from accounting point of views. small trader k case m books to ITR se match karne k liye capital account se adjust karwate hai (ispe bhi video banate h)

[@SanjeetKumar-mp7oy]

You Can Take Advance Tax, TDS, And SA under Loan and Advance and 31 March pass the entry Dr. Capital accunt Credit advance tax, tds, etc

[@E-account03]

Provision agar jyada bna rakha ho toh kya karenge

[@koushikmukherjee3863]

Sir I Have applied for cancelation of gst. Now Can I revoke my gst number anyway after canceling with self application

[@swapnilmarchande2301]

explain % also of advance tax

[@FinTaxPro]

I have made a seperate video on Advance tax please refer that

[@MAHESHPATEL-zz6bo]

Sir aesi GST ki bhi Banado B sheet me GST final ledger adjust with payabl e Final JV ka bhai Pls sir

[@deepakpatel4083]

सर एक काम ये भी कर सकते है न - जैसे कैपिटल 50 लाख हैं और इनकम 16 लाख हैं जिसपर इनकमटैक्स 4 लाख बन रहा हैं तो पहले 16 लाख इनकम को कैपिटल में add कर देंगे 31 मार्च को तब कैपिटल 66 लाख हो जाएगा फिर जब इनकमटैक्स का पेमेंट करेंगे तब पेमेंट के अमाउंट को कैपिटल से less कर देंगे तब कैपिटल 62 लाख हो जाएगा

[@Dhirendarkumar]

Ye video apke staff k liye hai 😊

[@vaibhavkhanduri5660]

Sir namaste Hmne ek 5 lakh fd banai or wo 1 year m kafi bar close or open ki ab total ammount 3300000 pahunch gya and ab message recieve hua h e campaign ka usme hme jo question answer diye hain ammount recived and paid wala wo yes krna h ya no please help

[@rahulkeshri6313]

TDS will go to the receivable group

[@AB-ou7pd]

Nice

[@Bhuayan]

Namaskar sir

[@anilbaswal4478]

🙏🙏🙏

[@SyedSam-q7l]

Under sub head air bta diye comment mein of these ledger

[@keshavkaiwart3424]

Commission income 194H Me TDS Kata hai 800,000 Amounts ke upar 5% TDS Kata hai ITR 3 me Kitna tak ka Expenses Bata Sakte Hai limit

[@72yogendra]

👌

[@understandthewordsfeelthes3036]

👍

[@tanmoyacharya5934]

Income tax dr To provision for tax cr. Ye entry hota h provision ka..main to ye janta hu .P/L ko dr.karke kiyu kiye...samjhaiye.samajh nehi Confusion dur kijiye

[@fintaxprop5542]

are wahi baat hui bhai. ye bhi sahi h tension not

[@tanmoyacharya5934]

@@fintaxprop5542 bol rahe hai income tax ka under kya hoga.. indirect expenses ya kuch aur. And jab it department provision for tax ko p/l mein disallowed karega tab to net profit bhi change hoga!! Tab kase calculation hoga.bataiye..

[@SanjeetKumar-mp7oy]

@@tanmoyacharya5934 Simple aap Capital account ko Dr . Kardo aur Provision for Income tax credit kardo