Arrears of Prof tax
This query is : Resolved
02 July 2008
hi,
my query is this..a company got prof tax registration only in nov 07.. and hence deducted it only frm nov 07..also they hav paid the arrears from April 07 to Oct 07..to which head of account should it be charged? pla clarify.. thanks..
my query is this..a company got prof tax registration only in nov 07.. and hence deducted it only frm nov 07..also they hav paid the arrears from April 07 to Oct 07..to which head of account should it be charged? pla clarify.. thanks..
CA Anand Sarda
(Expert)
02 July 2008
It depends upon the amount. If the amount is much then u collect it from the employees and debit to their account. and if the amount is not much then debit it to General expenses account or some misc a/c. But dont bebit to professional tax account because income tax officers will say this is not ur expense.
Amit Bajaj
(Expert)
03 July 2008
I agree with above treatment. Normally, it has to be debited to Salary expenses.
CA Anand Sarda
(Expert)
04 July 2008
Ya correct
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
