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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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