Advance income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2011
ADVANCE INCOME TAX PAID DURING THE F.Y.AND ITS VIEW TO P&L IT IS CORRECT OR NOT.
28 September 2011
Query not clear. Advance income tax need to pay based on the projected income for the financial year. It Need to be debited advance tax under current asset
29 September 2011
Ramesh is right, it shpuld be shown under Current Assets
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