Dilip Kadam (services) (119 Points)
25 December 2009As per last year balance sheet (2008-09) profession tax liability is 58000/- but actual liability is 91000/- as per march month challan. Liability ahs shown less then actual payment. Now can we adjust the above liability by passing any entry Can we treat as a expenses difference between liability and payment Pls suggested solution to setoff the above account.
pankaj kannaujiya
(accountant)
(61 Points)
Replied 26 December 2009
yes u can set off agaist previous year exp. & it will disallow in current assessment year.
CAclubindia
