Professional tax

A/c entries 177 views 1 replies

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.

Replies (1)

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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