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income tax or income tax refund is capital or expenditure
Replies (4)
its capital expenditure.
Advance tax also capital expenditure right ?
| Originally posted by : gaddala ramesh | ||
 |
Advance tax also capital expenditure right ? |  |
yes............ ..........
I cant understand why?
Dr. Current tax expense
Cr. Tax liability
So if its showing in the balance sheet doesnt mean it can be capital expenditure. Can some one please demistify this to me.
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