property rax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 February 2011
Its Urgent!!!!!!!
Can anybody tell me that whether property tax is added in the self occupied property at the time of purchase or shown as withdrawals from capital account?
Can anybody tell me that whether property tax is added in the self occupied property at the time of purchase or shown as withdrawals from capital account?
CA bhargava
(Expert)
16 February 2011
if the property tax is paid on the property of the firm , then the tax paid is debited to p&l a/c
, if it is paid for the property of the owner or the director or partner , then deducted form the capital account
, if it is paid for the property of the owner or the director or partner , then deducted form the capital account
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