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166 Points Posted on 11 May 2023
income tax or income tax refund is capital or expenditure
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On 11 May 2023 at 10:50 Report
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This discussion explores whether income tax, income tax refunds, and advance tax should be classified as capital expenditure. While some believe advance tax is capital expenditure, others argue that current tax expense shown on the balance sheet doesn't automatically qualify it as such. The thread aims to clarify this accounting distinction.

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SEO Sai Gr. Hosp.
212535 Points Posted on 11 May 2023

its capital expenditure.

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On 11 May 2023 at 10:57
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166 Points Posted on 11 May 2023
Advance tax also capital expenditure right ?
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On 11 May 2023 at 11:06
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ACCOUNTS MANAGER
2213 Points Posted on 11 May 2023
Originally posted by : gaddala ramesh
Advance tax also capital expenditure right ?

yes............ ..........

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On 11 May 2023 at 13:07
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Finance
4592 Points Posted on 12 May 2023

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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On 12 May 2023 at 20:27

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