property tax paid from 2004 to 2010 paid in dec.2010 . what will be account entry. should i pass expense due entry. can entire expense can be booked in 2010
Harish Chander (c.a.final student) (88 Points)
11 June 2011property tax paid from 2004 to 2010 paid in dec.2010 . what will be account entry. should i pass expense due entry. can entire expense can be booked in 2010
CA Hemang Shah
(PRACTICE)
(658 Points)
Replied 11 June 2011
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 11 June 2011
Property tax will be allowed on payment basis. as per income tax act.
Property tax a/c dr......
To bank /cash............
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
