Journal entry for income tax
This query is : Resolved
29 August 2011
Dear Experts,
Income tax paid for Partnership Firm is to be transferred to Partner's capital A/C's (or) to be shown as expense it;s very urgent
Thanks in advance
Income tax paid for Partnership Firm is to be transferred to Partner's capital A/C's (or) to be shown as expense it;s very urgent
Thanks in advance
29 August 2011
Both options available.
In the later case expenses will be disallowed so it makes no difference.
Generally it is transferred to capital a/c directly only.
In the later case expenses will be disallowed so it makes no difference.
Generally it is transferred to capital a/c directly only.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Darpan registration
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
