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Tax on assessment

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(Querist)
15 August 2014 dear Sir

The commissioner of Audit (Vat) levied the tax for the year 2006-2007 of Rs.80,000/- and it is paid in Financial year 2013-2014, how the effects should be shown in financial statements for the year 2013-2014

Please give me all Possible answers


thank u........
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
15 August 2014 Write off as expenses as TAX DEMAND OF PREVIOUS YEAR.
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
15 August 2014 Write off as expenses as TAX DEMAND OF PREVIOUS YEAR.
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Rupesh Jain

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Rupesh Jain (Expert)
16 August 2014 you can claim as expenses for sales tax demand
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Pradeep K.H.

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Pradeep K.H. (Querist)
10 September 2014 yes. But it is a liability for related financial period, and if income tax officer not allowed to deduct as a expenditure ?

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