Question

B 11 When the assessed tax is less than the provision made, it is
​

Answer 1

Answer:

Hope it helps you, please mark me as brainliest.

Explanation:

As we all know, we are at the end of our financial year. Hence everybody is focused on finalisation of their books of accounts. The actual taxation entries are most important things as they clear the Balance sheet picture and gives real result. Therefore, today I am covering some of the most important accounting entries and concepts related to income tax provision, TDS and advance tax.

Before going to understand the taxation entries, we should clear the various heads relating to Income Tax.