Professional tax paid for earliers.
This query is : Resolved
Arpit Jain
(Querist)
16 October 2023
My client has paid PT for companies for earlier years in AY 2023-24. Whether PT paid for earlier years allowed in current assessment year.
In earlier year PT was disclosed as contingent liabilities in financials.
In earlier year PT was disclosed as contingent liabilities in financials.
CA R SEETHARAMAN
(Expert)
16 October 2023
Yes, it's allowed as current year expenses.
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