I have paid profession tax for 5 years for F.Y.2013 to 2018 from Pvt Ltd. account of Rs.10000. How should i make entries for this transaction?
Entry for profession tax paid for 5 years
vinayak c. chavan (CPT passed) (1011 Points)
13 January 2014vinayak c. chavan (CPT passed) (1011 Points)
13 January 2014I have paid profession tax for 5 years for F.Y.2013 to 2018 from Pvt Ltd. account of Rs.10000. How should i make entries for this transaction?
Pravin Hambire
(B.Com)
(27 Points)
Replied 13 January 2014
Professional Tax Exp Dr
Professional Tax Prepaid Exp Dr
To Cash / Bank