Payment of income tax notice
SUNEEL KUMAR (Sr. Accounts & Finance Executive) (163 Points)
24 September 2016SUNEEL KUMAR (Sr. Accounts & Finance Executive) (163 Points)
24 September 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 24 September 2016
Dr. Taxes/Income Tax paid
Cr. Bank (or Cash)
Narration: IT Demand for Ass. Yr. 20xx-xx
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 25 September 2016
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 25 September 2016
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 25 September 2016
SUNEEL KUMAR
(Sr. Accounts & Finance Executive)
(163 Points)
Replied 29 September 2016
As per finalized balance sheet this amount was not in our liability or provisions. but notice received us next year so may be it our extra Expenditure.
Please suggest amount will effect against capital account/indirect Expenses/profit & loss account.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 29 September 2016
For any Business entity It can be taken indirect expense, if its regular tax liability, but if its any sort of penalty or interest payment, debit it to capital account.