I enrolled for porfessional tax recently and had to pay the previous 2 years dues. What will be the journal entry for the arrears paid? No liability was shown in the previous perid
Menu
Journal entry for professional tax
Replies (4)
due entry will be
pt a/c. Dr
to PT payable A/c
payment entry will be
PT payable
to bank
pt a/c. Dr
to PT payable A/c
payment entry will be
PT payable
to bank
Exactly precise.
what is the meaning of professional tax credit mean
Under which head will PT A/C and PT Payable A/C come under?
Recent Threads
- Tax Implications of Alumni Union (R) under Society
- Heard & Seen Around – Your Daily Economi
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
Related Threads
CAclubindia
