I enrolled for porfessional tax recently and had to pay the previous 2 years dues. What will be the journal entry for the arrears paid? No liability was shown in the previous perid
4 Replies
sowmya
(audit assistant)
(228 Points)
Replied 18 May 2017
due entry will be
pt a/c. Dr
to PT payable A/c
payment entry will be
PT payable
to bank
pt a/c. Dr
to PT payable A/c
payment entry will be
PT payable
to bank
pankaj tiwari
(Others)
(417 Points)
Replied 15 September 2018
what is the meaning of professional tax credit mean
Gaurav Agarwal
(Trainee)
(44 Points)
Replied 02 April 2020
Under which head will PT A/C and PT Payable A/C come under?
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