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

Поділитися
Вставка
  • Опубліковано 8 січ 2025

КОМЕНТАРІ • 250

  • @kaleemafzal434
    @kaleemafzal434 3 роки тому +2

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

  • @dilipmaurya4594
    @dilipmaurya4594 4 роки тому +12

    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
    @vishnukumar3831 5 років тому +1

    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
    @mohammadsaqib5898 5 років тому +12

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

  • @gouravkumar5769
    @gouravkumar5769 5 років тому +1

    Great video sir aapki video dekhkar confidence aata hai

  • @shaanaasif5631
    @shaanaasif5631 4 роки тому

    अरे sir...आप कमाल हैं...!!!

  • @vishnupareek630
    @vishnupareek630 Рік тому

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

  • @venkata3116
    @venkata3116 4 роки тому +1

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

  • @vikiriti7344
    @vikiriti7344 4 роки тому

    Jbarjast theching safi sir

  • @topperstopclasses1145
    @topperstopclasses1145 5 років тому +2

    Safi sir you are the great
    Magnificent teaching mehod👍

  • @sujeetkumarsharma8989
    @sujeetkumarsharma8989 5 років тому

    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
    @mgs2abhishek Рік тому +1

    It was too good👍

  • @sashikantasahu4058
    @sashikantasahu4058 4 роки тому

    Many many thanks sir . Long live sir . Excellent explanation

  • @sureshlad5908
    @sureshlad5908 3 роки тому +1

    Nice explanation sir.

  • @hemabenjadav8809
    @hemabenjadav8809 2 роки тому

    Very very useful video 🙏🙏🙏🙏

  • @vinaydadhich
    @vinaydadhich 5 років тому

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

  • @kesharsarde6304
    @kesharsarde6304 2 роки тому

    Sir thank you very much for most valuable & knowledgeable video

  • @maumatkar1772
    @maumatkar1772 3 роки тому

    Sir ji good teaching provisional entry thanks

  • @dollyshah5973
    @dollyshah5973 3 роки тому +1

    Great..thnx sir ❤️

  • @smitshah415
    @smitshah415 4 роки тому +2

    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
    @sunilkrjaiswal2712 4 роки тому +2

    Yes sir ...want to know about modern approach

    • @TheAccounts
      @TheAccounts  4 роки тому

      Video already uploaded h u can watch that video

  • @raghavkabra2747
    @raghavkabra2747 3 роки тому +2

    Thank you sarkar

  • @bhavikdhingra2746
    @bhavikdhingra2746 4 роки тому +1

    Sir you are brilliant !!!

  • @unglieaditz8599
    @unglieaditz8599 2 роки тому

    Bilkul sir modern approach ke baare mein video bnaye

  • @saritapatel3951
    @saritapatel3951 5 років тому +1

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

  • @RRK537
    @RRK537 4 роки тому

    Hello Sir have a nice day

  • @abhishekbharatkumarshah3537
    @abhishekbharatkumarshah3537 5 років тому +6

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

    • @garywhite9677
      @garywhite9677 5 років тому

      For GsT tds income tax return filing services Sab sikhata hun me whatsapp no +917999255657

  • @mohdiqbalkhan393
    @mohdiqbalkhan393 5 років тому +2

    Thankyou sir for this video

  • @swapnilpawar3537
    @swapnilpawar3537 5 років тому +2

    Please make video on modern approach

  • @GrivitJewellery
    @GrivitJewellery 5 років тому +4

    Yes, Sir U should make video on modern Approch.

  • @akmanwarulkabir8729
    @akmanwarulkabir8729 5 років тому +2

    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
    @shree_9175 Рік тому

    Very nice sir 👌

  • @malcolmrodgers295
    @malcolmrodgers295 5 років тому +2

    Thank you so much sir . god bless u

  • @kamaln8270
    @kamaln8270 5 років тому +3

    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
    @shashikantvakte8988 5 років тому

    Sirji tussi Great ho

  • @patilakshay4137
    @patilakshay4137 5 років тому +2

    Ye hairstyle aap pe accha lagta hai

  • @Optimistic2296
    @Optimistic2296 5 років тому

    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.

  • @ramanand4963
    @ramanand4963 5 років тому +3

    one video ON SALARY TDS

  • @sumitojha2627
    @sumitojha2627 Місяць тому

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

  • @satyprakash748
    @satyprakash748 5 років тому

    I'm first viewer☺️😊

  • @Nick-tb9kc
    @Nick-tb9kc 5 років тому

    Thank you so much for clearing my concept

  • @snehojitpandit3599
    @snehojitpandit3599 2 роки тому

    Good analysis ❤️

  • @kalpanajamdade8186
    @kalpanajamdade8186 5 років тому +1

    Pl. Sir make vedio Cash sale ,credit sale

  • @manojgupta3632
    @manojgupta3632 3 місяці тому

    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
    @kavitarawat4708 5 років тому +1

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

    • @TheAccounts
      @TheAccounts  5 років тому

      Video already uploaded h u can watch that video

  • @himalchand1662
    @himalchand1662 3 роки тому

    Thank you so much sir ji 🙏

  • @deepakpatralekh6270
    @deepakpatralekh6270 5 років тому

    Aapka bhut bhut dhnyad.

  • @ninja918
    @ninja918 5 років тому +1

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

  • @Abduraraquibkhan
    @Abduraraquibkhan 5 років тому +4

    I learnt something new.

  • @umeshmishra2010
    @umeshmishra2010 5 років тому +1

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

  • @swapanmukherjee1219
    @swapanmukherjee1219 4 роки тому +4

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

  • @anilphulari185
    @anilphulari185 5 років тому +1

    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
    @prajaktajadhav6265 4 роки тому +1

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

  • @bharat4891
    @bharat4891 5 років тому +1

    Sir make vedio on advance tax calculation..

  • @gouravkumar5769
    @gouravkumar5769 5 років тому +1

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

  • @Comply_990
    @Comply_990 4 роки тому +1

    Hi
    Pls tell me where to transfer in private limited company

  • @jitendrakushwaha5228
    @jitendrakushwaha5228 4 роки тому

    Very nice video

  • @chandandasy2k10
    @chandandasy2k10 5 років тому +1

    Sir plz upload video for modern accounting approach

  • @vishal7269
    @vishal7269 Рік тому

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

  • @deepakdolas1949
    @deepakdolas1949 3 роки тому

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

  • @sail944
    @sail944 4 роки тому

    Company m b kya capital account debit hota hai

  • @arnabbanerjee9692
    @arnabbanerjee9692 2 роки тому

    Thanks for this vdo

  • @beHappy-yf2wo
    @beHappy-yf2wo 2 роки тому +1

    hii sir, can you explain deferred tax in tally?

  • @navneeshkumar9256
    @navneeshkumar9256 5 років тому

    Nice video sir please make video on deferred tax

  • @RS-sk6iv
    @RS-sk6iv 4 роки тому

    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
    @roshankumarbhadani7511 3 роки тому

    Very nice sir jee

  • @akashhela8521
    @akashhela8521 5 років тому +2

    Modern approach.

  • @vikashjaiswal347
    @vikashjaiswal347 3 роки тому

    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

  • @caaman93
    @caaman93 5 років тому +1

    Good work

  • @grajnish
    @grajnish 4 роки тому

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

  • @mohinshaikh9769
    @mohinshaikh9769 3 роки тому

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

  • @shivshankarprajapati1484
    @shivshankarprajapati1484 4 роки тому

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

  • @rajeshrawat761
    @rajeshrawat761 3 роки тому

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

  • @susmitgawade6760
    @susmitgawade6760 4 роки тому

    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
    @KiranNimje-op1hy 5 місяців тому

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

  • @AhteshamRulani
    @AhteshamRulani 5 років тому +1

    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
      @TheAccounts  5 років тому +1

      I will make a video on that

    • @AhteshamRulani
      @AhteshamRulani 5 років тому +1

      @@TheAccounts thank you so much sir😊

  • @collegenaama
    @collegenaama 5 років тому +1

    SAP per kab video ayegi bhai

  • @ankitpande5535
    @ankitpande5535 3 роки тому

    What is the provision entry in the case of llp

  • @srinivasavanchi3414
    @srinivasavanchi3414 Рік тому

    Sir, please upload how file gst return ourselves without CA

  • @ramanand4963
    @ramanand4963 5 років тому +1

    sir how to prepare and read computation chart

  • @jawharmondal7117
    @jawharmondal7117 3 роки тому

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

  • @navneeshkumar9256
    @navneeshkumar9256 5 років тому

    Thanks sir for information

  • @mainaksengupta-ds3gq
    @mainaksengupta-ds3gq Рік тому

    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
    @arcnomic 4 роки тому

    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..

  • @hummockvillas4203
    @hummockvillas4203 4 роки тому +2

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

  • @supriyasharma5121
    @supriyasharma5121 5 років тому +1

    Modern approach k bare me video bnao sir

  • @sandeepsinghp8760
    @sandeepsinghp8760 5 років тому +1

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

  • @mohdasifrangrez1810
    @mohdasifrangrez1810 5 років тому

    Yes sir modern approach par video bnaiye

  • @sandhyayadav4616
    @sandhyayadav4616 3 роки тому

    so informative

  • @sohanKumar-fq4rt
    @sohanKumar-fq4rt 2 роки тому

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

  • @gouravkumar5769
    @gouravkumar5769 5 років тому +1

    Sir plz Bill pay method ke bare mai bataiye

  • @rajadey1552
    @rajadey1552 3 роки тому

    Sir company ki. Case mai entry kyaa hoga

  • @animeshchatterjee9969
    @animeshchatterjee9969 3 роки тому +1

    Provision for tax ledger and Advance tax ledger samajhna hai

  • @vivekkumarmishra6955
    @vivekkumarmishra6955 5 років тому

    Thank U very much sir

  • @shivam439
    @shivam439 4 роки тому

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

  • @rajatkumar5003
    @rajatkumar5003 5 років тому

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

  • @helpinghand3159
    @helpinghand3159 5 років тому

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

  • @krishnendupramanik5051
    @krishnendupramanik5051 4 роки тому

    Awasome sir

  • @chetansinghania4386
    @chetansinghania4386 5 років тому

    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
    @vishnukumar3831 5 років тому +1

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

    • @TheAccounts
      @TheAccounts  5 років тому

      Video already uploaded h u can watch that video