Income tax penalties
This query is : Resolved
SUMIT CHANDRA
(Querist)
25 May 2014
how to treat accounting treatment of income tax penalties in properitorship business.
Nikhil Kaushik
(Expert)
25 May 2014
charge off to proprietor's capital account.
SUMIT CHANDRA
(Querist)
25 May 2014
Thanks sir this one is also my opinin but i want to confirm it
Rupesh Jain
(Expert)
26 May 2014
income tax and other exp. like penalty and intt. paid in Prop. firm will debit to Prop. capital a/c
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