income tax
Querist : Anonymous
Can A partnership firm paid income tax show in profit & loss account as per indirect expnses ?
Help me urgent ?
The treatment has been asked from books of accounts point of view i. e. where to debit the income tax. If the same is reduced from tax liability in computation the purpose does not get served and if debited should be disallowed.
Alternatively it could be debited to partners capital a/c.
Querist : Anonymous
And Also Thanks Mr Dhiraj
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