accounting treatment for income addition in scruitny assessment
This query is : Open
17 August 2017
what will be the journal entry for income addition made by assessing officer in scruitny assessment last year.
17 August 2017
Nothing to do only tax, interest and penalty to be accounted for and DTA/DTL to be calculated
17 August 2017
The reason behind above is because book of accounts is maintained by companies act, accounting standards and not as per income tax
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