profession tax

Tax queries 550 views 1 replies

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)

yes u can set off agaist previous year exp. & it will disallow in current assessment year. 


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