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Property tax paid

This query is : Resolved 
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(Querist)
28 October 2011 In pvt ltd company, when paid property tax , in which account we have to entered.
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CA Aditya Goel

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CA Aditya Goel (Expert)
29 October 2011 In profit & loss A/c as an indirect expenses. you can claim as deduction while computing income tax too.

Property tax (indirect expense)
to cash/bank
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 October 2011 Dr: Rates & Taxes (under Indirect expenses)
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