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Advance tax under head

ABHI KUMAR (679 Points)

30 August 2022

advance tax under head current asset or capital account

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (167224 Points)
Replied 30 August 2022

Current Assets..

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Akansha jain (CA) (156 Points)
Replied 30 August 2022

Advance Tax should be disclosed under the head "Current Assets" ,Sub head " Balance with Revenue Authorities".

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CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 03 September 2022

Capital Account

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