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(Querist)
31 August 2013 Income tax demand for year 2006-07 was asked in 2012-13 and it is duly met by comapany.. i want to know the treatment in the books of account..???
is it will be considered as prior period items or not..???
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 August 2013 yes. it will be considered as prior period taxes

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