cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Announcements
NEW Connect to DBS IDEAL direct bank feeds Click here
anil-kumar
Level 2
posted
‎September 26, 2019 04:08 PM
last updated ‎October 05, 2020 8:33 PM

IN: How to record Advance Income Tax Payment in Quickbooks in Indian context ?

 
Reply
1 Comment 1
asha_kanta_sharma
Level 6
‎December 21, 2020 03:23 AM

IN: How to record Advance Income Tax Payment in Quickbooks in Indian context ?

You have to create an Account like "Advance Income Tax - FY 2020-21" in QB which should be an Asset Account. The below will be the Journal Entry at the time of payment of Advance Tax.

Advance Income Tax - FY 2020-21 - Dr.
Bank Account Cr.


Hope this helps. Thanks
Reply