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24-Income Tax Deduction by Client (TDS)

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prasad Nilugal ( GST Practitioner & Accounts )   (14546 Points)
Replied 11 July 2023

You have refer  ICAI  Guidelines for  financial Statements   of  Non  Corporate  entities  .( partner ship Firm)  , because in case of    Non  Corporate  entities  ICAI  guidelines are  applicable  , 


My Videos (Accounts Officer ) (677 Points)
Replied 12 July 2023

Dear Parsad Nilugal Sir,

we are corporate entity.

having a corporate business, can you please guide that provision of income tax can be taken from capital account?

and in case of partnership firm can this provision be taken from partners capital according to their partnership ratios ?

My Videos (Accounts Officer ) (677 Points)
Replied 15 July 2023

Kind response awaited from Parsad Nilugal Sir

 

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