Income tax is charge

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1359 Points Posted on 28 December 2021
income tax is charge against profit or appropriation of profit??
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On 28 December 2021 at 13:12 Report
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This discussion clarifies whether income tax should be treated as a charge against profit or an appropriation of profit. A 'charge' implies it's debited directly in the profit and loss account, affecting the net profit. The core question revolves around this accounting distinction and its implications.

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46 Points Posted on 28 December 2021
Profit
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On 28 December 2021 at 14:24
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Profession Business
28246 Points Posted on 28 December 2021
The word charge means it's debited in profit and loss account.
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On 28 December 2021 at 16:13

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