Hello,
If client has paid income tax for the FY 2021-22, CAN IT BE SHOWN UNDER EXPENSES SIDE OF PROFIT AND LOSS OR how would it be shown?
| Originally posted by : sabyasachi mukherjee | ||
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Income tax paid amount paid in pl |  |
Super Super..
Income Tax paid is a personal expense of the owner, hence this has to be debited to drawings account.
It's under capital account for proprietor...
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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