Outstanding professional tax`

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ARITRA CHAKRABORTY (Querist)
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01 April 2019 Can P.Tax for the month of March be shown as Liability in Balance Sheet?

KAVIRAJA ADDANGADI (Expert)
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02 April 2019 yes , last month tax liability can be shown as provisions in the Balance Sheet.

ARITRA CHAKRABORTY (Querist)
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02 April 2019 But someone is continuously arguing with me . He is speaking that last month's p.tax is to be set off against profit and loss account

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