Profession tax
This query is : Resolved
Gajanan vaishnav
(Querist)
22 September 2014
Is Profession tax, penalty & interest on it are debited to P&L account?
22 September 2014
Yes, the mentioned expenses are to be debited to P&L A/c.
Rupesh Jain
(Expert)
07 October 2014
yes you can debit the above but penalty not allowed under the income tax a/c
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