18 June 2016
if i paid income tax rs 76000 for the year 2014-15 on 30/10/15 and i forget to deduct same from p &l a/c so can i place this entry for the 2015-16 p.y as expenses
18 June 2016
Dr income tax a/c under head indirect expense 76000
Cr Bank 760000
(being self assessment tax paid for fy 2014-15)
this exp will be disallowed while computing income for fy 2015-16
CAclubindia
