Accounting entry for income tax appeal fees

ABHIJIT MANNA (ACCOUNTANT) (444 Points)

03 January 2019

when a company pay income tax appeal fees what will be its accounting treatment in books or tally?

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4 Replies

ACA Sarita Laddha (Practicing CA) (1225 Points)
Replied 03 January 2019

as per my opinion appeal fees will be treated as legal charges in books of accounts so legal charges will be debited and cash/bank will be credited

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NITIN KOTAK (SERVICE) (1465 Points)
Replied 03 January 2019

it like expenses , Only tax treatment as disallowed expenses.

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pankaj kumar mishra (ACCOUNTANT) (167 Points)
Replied 03 January 2019

2nd opinion is right

Sumit Sarswat (Student) (3154 Points)
Replied 04 January 2019

i agree with ACA sarita

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