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.
Menu
profession tax
Replies (1)
yes u can set off agaist previous year exp. & it will disallow in current assessment year.
Recent Topics :
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
Related Topics :
CAclubindia
