VAT = is an expense = Nominal A/c all exp & losses are debited rule will apply
Service Tax = is an expense = Nominal A/c all exp & losses are debited rule will apply
Income Tax = is an expense = Nominal A/c all exp & losses are debited rule will apply
Professional Tax is an expense = Nominal A/c all exp & losses are debited rule will apply
Custom Duty = is an expense = Nominal A/c all exp & losses are debited rule will apply
Excise Duty = is an expense = Nominal A/c all exp & losses are debited rule will apply
Provident Fund = is an expense = Nominal A/c all exp & losses are debited rule will apply
Esic = is an expense = Nominal A/c all exp & losses are debited rule will apply
If I, am correct than What about TDS ????????
Thnak you,
CAclubindia
