Income Tax Provision Entry | Advance Tax Payment Entry by The Accounts

[@kaleemafzal434]

Sir aapse Acha koi nhii samjhata KZbin par clearly smjhate hai aap sir bhut helpful Hoti hai aapki vedios sir thanks sir

[@dilipmaurya4594]

I was confused in Income tax provisions from 2 years but you explained in this video, I am very confident now........thank you so much sir😊😊😊

[@vishnukumar3831]

Sir aap ki video se bahut sikhane ko milta h sir aap esse hi knolegable videos bnate rhe apki video bahut hi knowledge wali hoti h and very very thanks sir itna kuch fone per hi sikhane ke liye

[@mohammadsaqib5898]

Really appreciate ur effort to make us knowledgeable in this field . Thanks for all . Allah bless u

[@gouravkumar5769]

Great video sir aapki video dekhkar confidence aata hai

[@shaanaasif5631]

अरे sir...आप कमाल हैं...!!!

[@vishnupareek630]

Your explaining way is very simple and effective.....pls upload more videos about final accounting ..

[@venkata3116]

Great sir aapka teaching very easy to catching jee...Wonderful sir🙏

[@vikiriti7344]

Jbarjast theching safi sir

[@topperstopclasses1145]

Safi sir you are the great Magnificent teaching mehod👍

[@sujeetkumarsharma8989]

Sir Maine aapka bahut video dekha. Seriously agar koi tally fresher wall videos dekha le to senior accountant jarur ban jayega.. Mujhe vi ek aisi hi channel ki talas thi. Jo mujhe mil gaya. Thank u very much. Aur ha sir sath sath. Jo vi update hota hai. Tds me. Gst me. Pf me esi me.. In sabhi ko update karte rahe.. Philhal aapse ek request hai ki. Pf me jo naya update huaa hai. Espe ek video banaye. Once again thank u sir 🙏💕

[@mgs2abhishek]

It was too good👍

[@sashikantasahu4058]

Many many thanks sir . Long live sir . Excellent explanation

[@sureshlad5908]

Nice explanation sir.

[@hemabenjadav8809]

Very very useful video 🙏🙏🙏🙏

[@vinaydadhich]

Nice video Sir. Aae din gst me notification aate hai. Aap use bhi btaya kro. Kyo ki aap bhut ache se smjate ho.

[@kesharsarde6304]

Sir thank you very much for most valuable & knowledgeable video

[@maumatkar1772]

Sir ji good teaching provisional entry thanks

[@dollyshah5973]

Great..thnx sir ❤️

[@smitshah415]

In case of company, instead of using capital account of director we need to use liability for taxation account. It is as per new format of company act 2013.

[@sunilkrjaiswal2712]

Yes sir ...want to know about modern approach

[@TheAccounts]

Video already uploaded h u can watch that video

[@raghavkabra2747]

Thank you sarkar

[@bhavikdhingra2746]

Sir you are brilliant !!!

[@unglieaditz8599]

Bilkul sir modern approach ke baare mein video bnaye

[@saritapatel3951]

Veryyy nice sir and please ek vedio morden approach par bhi baniye

[@RRK537]

Hello Sir have a nice day

[@abhishekbharatkumarshah3537]

So,please make video about modern approach and how to do tds,gst,I.t return file in company

[@garywhite9677]

For GsT tds income tax return filing services Sab sikhata hun me whatsapp no [phone]

[@mohdiqbalkhan393]

Thankyou sir for this video

[@swapnilpawar3537]

Please make video on modern approach

[@TheAccounts]

Very soon

[@GrivitJewellery]

Yes, Sir U should make video on modern Approch.

[@akmanwarulkabir8729]

Many thanks. Just to add a few things, although I m not aware of Indian CA Institutes status of IFRS and IAS adoption, in our country, we create provision for tax in the Statement of Comprehensive Income (P/L Account) by giving a Journal entry: Provision for Tax (P/L Item) Dr. and Reserve for Tax (Balance Sheet Item)Cr. This provision is created on the basis of the Taxable Income (Calculated in compliance with Income Tax Ordinance).While paying Advance Tax, we pass the following entry: Advance Tax Dr. Bank Cr. After Assessment (hypothetically if advance and assessment are same) , we just square off the Advance with Reserve for Tax. If the assessment falls short of Advance or more than Advance, we treat the balance amount as prior years adjustment which affects the Equity block. We don;t increase or decrease Capital which can not be done except some exceptional situation. If no provision is done, then adjusting entry after assessment has to go through Prior Yrs Adjustment as per IAS. This will certainly affect the Equity Block in the Balance Sheet. Thanks and Regards, Anwarul Kabir FCA, from Bangladesh

[@shree_9175]

Very nice sir 👌

[@malcolmrodgers295]

Thank you so much sir . god bless u

[@kamaln8270]

Sir, what if tax liability is 20k, advance tax is 12k, tds deducted is 5k then will the tax provisions to br made is 3k? And wt will the entry???

[@shashikantvakte8988]

Sirji tussi Great ho

[@Optimistic2296]

Very nice video sir. Yes, hum log modern approach ke bare me janna chahte hain. Aur sir, Jo GST ke ander changes aaye hain jaisa ke RET-1, RET-2 and RET -3 usper bhi video banaye sir. And ANX-1 & ANX-2 Per bhi. Thank us sir.

[@patilakshay4137]

Ye hairstyle aap pe accha lagta hai

[@ramanand4963]

one video ON SALARY TDS

[@sumitojha2627]

कंपनी में induvidual owner ke liye एडवांस tax me kya kya deduction lenge??

[@satyprakash748]

I'm first viewer☺️😊

[@Nick-tb9kc]

Thank you so much for clearing my concept

[@snehojitpandit3599]

Good analysis ❤️

[@kalpanajamdade8186]

Pl. Sir make vedio Cash sale ,credit sale

[@manojgupta3632]

Sir financial year m advance tax pay kya but itr file time income tax jada pay kya tha bo refund show ho rha h tally m entry kese kare next year m.

[@kavitarawat4708]

Sir, please make video on modern approach., And thanks for this video

[@TheAccounts]

Video already uploaded h u can watch that video

[@himalchand1662]

Thank you so much sir ji 🙏

[@deepakpatralekh6270]

Aapka bhut bhut dhnyad.

[@ninja918]

Sir jo hum har month tax pay krte hai gst 3B kai jo bank k tax pay krte hai iski entry kaise hogi

[@umeshmishra2010]

pls make sure one another video for provision of tax in view of modern approch.

[@Abduraraquibkhan]

I learnt something new.

[@swapanmukherjee1219]

Sir, adjust advanced tax on capital goods ka entry tally me kaise hoga .

[@anilphulari185]

I have query that, I broke FD before maturity, and the interest which was supposed to be received is actually not received so can I make entry of that in tally?

[@prajaktajadhav6265]

we paid advance tax 9lakh, provision for tax 18lakh, what will be the entry for 9 lakh advance

[@bharat4891]

Sir make vedio on advance tax calculation..

[@gouravkumar5769]

Sir 2 Bills par ek hi check se payment kar sakte hai kya agar woh ek hi company ke ho

[@TheAccounts]

Yes

[@gouravkumar5769]

@@TheAccounts Thanks sir

[@Comply_990]

Hi Pls tell me where to transfer in private limited company

[@jitendrakushwaha5228]

Very nice video

[@chandandasy2k10]

Sir plz upload video for modern accounting approach

[@vishal7269]

What in case if less tax than advance tax paid ? Balance transfer to p&l ?

[@deepakdolas1949]

Sir ek question tha ki J.V. kab marte he , or baki voucher receipt & payment kab entry karte he pls suggest

[@sail944]

Company m b kya capital account debit hota hai

[@arnabbanerjee9692]

Thanks for this vdo

[@beHappy-yf2wo]

hii sir, can you explain deferred tax in tally?

[@navneeshkumar9256]

Nice video sir please make video on deferred tax

[@RS-sk6iv]

What is the accounting treatment for, if in the case of Individual not a company, amount of TDS deducted and Advance Tax paid exceeds the actual tax Income tax Liability. 1) Is there need to make provision for the Income Tax? If yes then what will be the Journal entries? 2) Is there not any need to make provision for the Income Tax? If No then what will be the journal entries? 3) When they have to be passed either at the end of the financial year or at the time of submission of ITR?

[@roshankumarbhadani7511]

Very nice sir jee

[@vikashjaiswal347]

thank you so much for such a amazing informative video. but sir ye batana ki in case of companies capital account ki jgh kis account ko debit karenge. Waiting 4 y reply

[@akashhela8521]

Modern approach.

[@caaman93]

Good work

[@grajnish]

Bhae Sahab aap proprietorship and partnership k Tax ki entries kr rahe ho. Na ki Company ka

[@mohinshaikh9769]

Agar tax paid kiya hai tds receivable k against to entry kaise karenge

[@shivshankarprajapati1484]

Advance tax , self assessment tax aur gst payable in balance sheet pr please vedio bnaye sir

[@rajeshrawat761]

Sir, TDS recivable ko kaise adjust karna he...

[@susmitgawade6760]

Hi sir Agar co. Balance sheet banani hai yo provision for interest on income tax (section 234 wale)ka calculate kaise kare Kyoki balance sheet final hogi in sep in annual general meeting but income tax return file hoga uske bad me. To balance sheet me kya entry ayegi

[@KiranNimje-op1hy]

Provision me Jada tax dikhaya par kam tax jama Kiya to entry kya lenge

[@AhteshamRulani]

Good very helpful video Sir👌 agar koi form composition me kuch month Rahi fir regular me aa gayi tho uski accounting kaise kare..? Mains uska ITC n purchase kaise set off kare plz help sir

[@TheAccounts]

I will make a video on that

[@AhteshamRulani]

@@TheAccounts thank you so much sir😊

[@collegenaama]

SAP per kab video ayegi bhai

[@ankitpande5535]

What is the provision entry in the case of llp

[@ramanand4963]

sir how to prepare and read computation chart

[@jawharmondal7117]

Sir how to calculate advance tax? Kindly make a vdo on this subject.....god bless u.....

[@srinivasavanchi3414]

Sir, please upload how file gst return ourselves without CA

[@navneeshkumar9256]

Thanks sir for information

[@mainaksengupta-ds3gq]

Sir agar kisi businessman jinko income tax dene ki koi jarurat nai ha, us businessman agar kisi ko koi service sale karta hai aur jin customerko woh businessman service sale karta hai unhona agar us businessman se koi TDS deduct karta hai toh phir woh toh us businessman ka Current Assets hoga, aab sawal mera yeh hai kya us businessman ko woh TDS jo unse deduct kiya geya woh kabhi refund mil sakta hai? Agar nehi toh phir woh kyu hota hai? Please tell me Sir.

[@arcnomic]

Nice vedio sir... Sir but mera ek question hai 18-19 k liye hamne advance tax ki entry book kr li lekin fhir usi fin yr k liye provision kese book kr skte hai... Q k advance tax pay kr ke hmne to book us particular yr k liye close kr di hogi...? Please thoda aur detail me bataenge sir...?Agar calculation aur example k saath vedio banaye to aur clarity aegi..

[@supriyasharma5121]

Modern approach k bare me video bnao sir

[@TheAccounts]

Very soon

[@hummockvillas4203]

What if tax payable comes 10000 and we paid advance tax 12000 then ?

[@mjalam186]

Following

[@sandeepsinghp8760]

Sir Gst Payment Ki Entry Kaise Karte H Is Pr bhi Video Banaye

[@sandhyayadav4616]

so informative

[@mohdasifrangrez1810]

Yes sir modern approach par video bnaiye

[@gouravkumar5769]

Sir plz Bill pay method ke bare mai bataiye

[@rajadey1552]

Sir company ki. Case mai entry kyaa hoga

[@sohanKumar-fq4rt]

Sir agar 31 march ko advance tax jame karte h to kay provisional ki ho ya nahi

[@animeshchatterjee9969]

Provision for tax ledger and Advance tax ledger samajhna hai

[@vivekkumarmishra6955]

Thank U very much sir

[@shivam439]

march mahine ka gst tax april m pay karte hai entry kese hogi ?

[@rajatkumar5003]

Sir agar 19-20 mai self assessment ki wajh se or tax pay krna pda ho to kya entry krenge

[@helpinghand3159]

Dear Sir can you provide defeered tax chapter or any class of your lecture

[@krishnendupramanik5051]

Awasome sir

[@chetansinghania4386]

Sir joint account me koi entry aayi for example rent recived. Ab joint account me aayi hui entry ko individual ke account me kaise salltlement karege. Kindly help

[@vishnukumar3831]

Sir me modern approch nhi janta hu please aapp modern approch ki full video banaye thanks sir

[@TheAccounts]

Video already uploaded h u can watch that video