we have paid PT for employer. though our company doesnt had employees last fy yr 2015-16. They charges an amount of Rs.2500/- for the employer. How it will post?? suggest entry.
Vinny
(CA [Self-Employed])
(101 Points)
Replied 01 April 2016
Profession Tax on Employment Dr 2500
To Bank A/c 2500
In Company's Books, the same is recorded as an Expense.
Regards.
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