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Pls help Reg Income Tax Paid

This query is : Resolved 
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(Querist)
27 May 2009 Dear Experts

Pls help me how to account last year income tax amount paid

Thx & Rgs

Harsha
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
27 May 2009 If Company - Adjust with Provision For Taxation
If Proprietorship - Transfer to Drawings Account
If Partnership - Transfer to capital accounts of partners in their PS ratio.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
27 May 2009 In case of proprietor it should be treated as drawings if it is paid out of business or else show it in debit side of capital account as income tax paid.
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