my client has passed the entry luxury tax payable under the head sbi for the narration (balance tax payable on room rent for fy 2007-08). can they pass that entry on nov 2012? i mean its of 4 year back. what is the time limit??? expert guidance needed.
1 Replies
CA Sankalp Patwa
(CA)
(193 Points)
Replied 18 January 2013
Yes,
Luxury Tax
To Luxury Tax Payable
Prior Period Expenses
To Luxury Tax
No offence to other replies.
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