disalowbality of income tax
This query is : Resolved
ASHISH KUMAR PATRO
(Querist)
29 September 2008
Dear SIr,
If in the cmoputation i have added back the Income tax paid amounnt which i had debited in P&L than where it will come in filling up of ITR-6
If in the cmoputation i have added back the Income tax paid amounnt which i had debited in P&L than where it will come in filling up of ITR-6
S.Srinivasaraghavan
(Expert)
29 September 2008
You will be showing Only Profit before tax, therefore where is the question? Secondly tax paid will be under adv tax paid.
Ravikumar.G
(Expert)
29 September 2008
If you want to write it off in the P & L a/c the same can group under Rates & Taxes and then disallow it.
S.Srinivasaraghavan
(Expert)
29 September 2008
Sch.VI to companies Act does not allow income tax to be debited to rates and taxes.
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