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advance tax

Rakesh Kalyani (124 Points)

22 March 2019

why advance tax is current asset?

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Giridhar S Karandikar (Team Lead) (7543 Points)
Replied 22 March 2019

because it's adjusted after the year end against the provision of IT made in case of co/firm and transfer to capital account in case of proprietary concern.balance is not kept year on year.

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