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advance tax

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(Querist)
05 November 2008 whether advance tax paid should be expensed or not?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
05 November 2008 It is only the provision for taxation (meaning the actual tax liability) which has to be expensed and not the advance tax.
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CA. Shikha

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CA. Shikha (Expert)
05 November 2008 Advance Tax paid will be shown as asset in b/s.



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vinod

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vinod (Expert)
05 November 2008 agreed

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