Disallowbale expenses journal entry
This query is : Open
16 October 2023
Dear sir
i have finalized the pvt ltd books of accounts but at the time of income tax return my auditor some expenses do disallowed and adding my profit.
can u sugest if anyone how i pass the journal entry for disallowed expenses with example basis if m not do for that then my balance books of accounts profit nd loss account and balance sheet does not match with the audited balance sheet .
pls suggest the journal entry for disallowed expenses in my books of accounts
i have finalized the pvt ltd books of accounts but at the time of income tax return my auditor some expenses do disallowed and adding my profit.
can u sugest if anyone how i pass the journal entry for disallowed expenses with example basis if m not do for that then my balance books of accounts profit nd loss account and balance sheet does not match with the audited balance sheet .
pls suggest the journal entry for disallowed expenses in my books of accounts
16 October 2023
No need for journal entry for disallowed expenses in the books of accounts.
It's only disallowed for calculating taxable income.
It's only disallowed for calculating taxable income.
17 October 2023
Yes I agreed to Mr CA R SEETHARAMAN Sir....
@Mr Hukam,
Please check the computation sheet, it's firstly shown profit as per Your books of Accounts. After that shown the disallowed expenses...
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