banner_ad

Duty & Taxes

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 September 2007 What treatment of Duty & Taxes in account book of company
Profile Image

CA. Dashrath Maheshwari

Profile Image

CA. Dashrath Maheshwari (Expert)
19 September 2007 Duties and Taxes are the part of current liabilities and should be treated as such.
Profile Image

Sanjeev Kumar Varshney

Profile Image

Sanjeev Kumar Varshney (Expert)
19 September 2007 Your question is not very clear. There are various type of Taxes and duties. You should ask specifically for treatment in books. Excise duty and income tax are treated separately however other duties & taxes are charged to revenue and should be separately shown in Profit / Loss a/c as per requirement of Schedule VI.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details