Head journal
gaddala ramesh (166 Points)
11 May 2023
income tax or income tax refund is capital or expenditure
4 Replies
NARENDRA
(ACCOUNTS MANAGER)
(2181 Points)
Replied 11 May 2023
| Originally posted by : gaddala ramesh | ||
 |
Advance tax also capital expenditure right ? |  |
yes............ ..........
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 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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