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income tax of earlier year

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(Querist)
30 September 2009 Whether income tax of earlier year should be posted in profit and loss appropriation account or profit and loss account.
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vinod kumar lalwani

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vinod kumar lalwani (Expert)
30 September 2009 income tgx related to earlier year is not part of thie year expenses and it should be shown in profit and loss appropriation account.

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