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11 May 2023

income tax or income tax refund is capital or expenditure

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160332 Points)
Replied 11 May 2023

its capital expenditure.

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gaddala ramesh (163 Points)
Replied 11 May 2023

Advance tax also capital expenditure right ?

NARENDRA (ACCOUNTS MANAGER) (1488 Points)
Replied 11 May 2023

Originally posted by : gaddala ramesh
	Advance tax also capital expenditure right ?

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

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Yasaswi Gomes new (Finance ) (4477 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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