p&L

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 January 2010 sir why we not included any tax amount into the p & L a/c (Like, sale tax income tax service tax tds etc.) what is the reason sir plz help me about that.
thanks virender (Asst. A/c)

Sudhindra

Sudhindra (Expert)
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14 January 2010 First of all i am not clear on ur query, but based on what i have understand let me clarify that any payment of tax like income tax and sales tax actual payment is debited to profit and loss acount and also the provision for tax is also charged to pand l a/c. There are two cases of charging to pand l account and debiting to profit and loss account.

If you mean something else pls....let us know....