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DTAA entry

This query is : Resolved 
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(Querist)
07 June 2011 Hello,

If DTAA is there wht is the entry in our books of accounts?

For e.g. Income is Rs.110(Before Tax)
After Tax Rs.100
Tax is Rs.10.(Tax Paid in UK)
(Figures are in converted in RS.)
Wht is the effect in our books of accounts?
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CA Sumat Singhal

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CA Sumat Singhal (Expert)
07 June 2011 As under DTAA tax paid in foreign country is available as rebate so this will be treated as current assets in books of account as same is available for payment of indian tax....
I suppose so....experts opinions r invited.
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