Menu
Head journal
income tax or income tax refund is capital or expenditure
Replies (4)
its capital expenditure.
Advance tax also capital expenditure right ?
| Originally posted by : gaddala ramesh | ||
 |
Advance tax also capital expenditure right ? |  |
yes............ ..........
I cant understand why?
Dr. Current tax expense
Cr. Tax liability
So if its showing in the balance sheet doesnt mean it can be capital expenditure. Can some one please demistify this to me.
Recent Threads
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
Related Threads
CAclubindia
