Profession tax

 

As per last year balance sheet (2008-09) profession tax liability is 58000/- but actual liability is 91000/- as per march month challan. Liability ahs shown less then actual payment. Now can we adjust the above liability by passing any entry
Can we treat as a expenses  difference between liability and payment
Pls suggested solution to setoff the above account.
Replies (1)

If u are talking about Profession tax on employees:

Has the same been credited at the time of booking the salary?. . .

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