IT payment for AY 21-22
This query is : Resolved
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Kunal Mittal
(Querist)
12 February 2022
I've paid my IT for AY 21-22 from my current account as mostly its business income from the same business. What will be its entry in books. Will it go in PL account as expense.
CA R SEETHARAMAN
(Expert)
12 February 2022
Yes, charge it to PL account to know profit after tax.
Kunal Mittal
(Querist)
12 February 2022
Charge it to PL account of AY 22-23?
CA Puja Sharma
(Expert)
12 February 2022
Yes charge it to P/L in FY 2021-22.
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