Urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 September 2014 Dear Sir,
Vat payable for March 2014 is Rs. 58000/-.
Which we have deposit on 15th of April 2014.

Now filing part balance sheet of itr 4 I should mention this amount of 58000/- in Deferred tax liability
or
in
the column of other provision.

Please clarify.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 September 2014 No. It should be shown under current liabilities and provisions. So you can show it under other provision or sundry creditors since there is no field for other current liabilities.