You have refer ICAI Guidelines for financial Statements of Non Corporate entities .( partner ship Firm) , because in case of Non Corporate entities ICAI guidelines are applicable ,
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24-Income Tax Deduction by Client (TDS)
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Dear Parsad Nilugal Sir,
we are corporate entity.
having a corporate business, can you please guide that provision of income tax can be taken from capital account?
and in case of partnership firm can this provision be taken from partners capital according to their partnership ratios ?
we are corporate entity.
having a corporate business, can you please guide that provision of income tax can be taken from capital account?
and in case of partnership firm can this provision be taken from partners capital according to their partnership ratios ?
Kind response awaited from Parsad Nilugal Sir
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