1. Income tax paid for earlier years but not disallowed in ITR/computation which is not an allowable expenditure will be disallowed in which section of income tax?
2. Depreciation claimed for asset purchased on last day of the year and put to use on same day will be disallowed in which section of income tax ?
Menu
Section enquiry for disallowance
Replies (1)
Income Tax paid will be adjusted against provision for taxation (liability) and there is no question of disallowance
Provision for taxation a/c
To Tds ( Asset)
To Bank
Provision for taxation a/c
To Tds ( Asset)
To Bank
Recent Threads
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
Related Threads
CAclubindia
