Can we take transfers between ITA to ICA in the franking account ?
Ex: Credit transfer to Integrated client account $ 3,000.
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- How did the 3000 get into the ITA?
- Are there tax instalments payable in the ICA?
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- How did the 3000 get into the ITA?
- Are there tax instalments payable in the ICA?
Actually, we have a tax credit in ITA report due to a loss carry back offset.
and that we actually not received from cash (off set) and entries have been transferred to ICA as a DR ITA and CR ICA.
So, do we need to take those transfer entries to Franking Account ?
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