i'm a newbie here, will provision for tax or any other liabilities show up in the expense side of the P&L account?
Menu
Accounting treatment for tax provision
Replies (3)
yes it will under indirect expenses
I think it is to be deducted from capital accounts if firm or proprietory business.
Provision for tax will show under expense side of pl account
Recent Threads
- 234 f penalty
- GST REGISTRATION FOR CARPENTER WORK
- Standard deduction for family pensioners
- Concerning tax savings or understanding the long-t
- F&O losses
- Is form 10 IE needed in this case?
- TDS on purchase of property more than 50 lakhs
- Withdrawal from post NSS
- Section 10(11) or 10(12) of exempted income
- New income tax act
Related Threads
CAclubindia
