1.If any Company paid advance tax in the F Y year 2005-06 and in 2005-06 company make loss. can we Claim refund of this Advance tax after the assessement.
2. Please tell me that if we received refund from income tax department for the Advance tax paid by us, what is the entry to be passed in the books of accounts, if in the year of payment there will be loss in the business. and no provission is made