Query about income tax head

This query is : Resolved

Report Abuse Follow Query Ask a Query

Shikha Srivastava

Shikha Srivastava (Querist)
Follow

10 December 2013 Is income tax comes under real account ?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

10 December 2013 Income tax is chargeable on the income of a particular year and like other expenses it is one kind of expenditure. So it can be classified as a nominal account.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Additional place of business belonging to late grandfather
Gift of Gifted unlisted shares
Which Section is applicable?
CAPITAL GAIN SET-OFF FOR BUY ...FIREST...HOUSE-PROPERTY IN FY 2024-25
Claim after death
GST applicability on Invoice raised for reimbursement
RE-ACTIVATE OLD GST NO
TCS RATE APPLICABLE
Query on House Rent Allowance
RENEWAL OF TRUST REGISTRATION U/S 12AA OF IT ACT

Intimation of ITR-U
General query related
Loan by one company to one person company
Issue of eInvoice
Import HSN data into GSTR1-GST Query
Accounting groups under
Right issue shares
Journal entry in the case of individuals for Tax payment and refund
Require AOA and MOA for Blockchain Company.
GMCS - Not completed so far

Trending Online Classes

Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

21 October 2024
GST Live Certification Course (40th Batch)(With Certificate)

CA Arun Chhajer

Enroll Now

17 November 2024
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)

CA Arun Chhajer

Enroll Now

13 October 2024

view all classess

Query about income tax head

Similar Resolved Queries

Trending Online Classes

Quick Links