If Company not deposited Professional tax amt into the govt a/c for the previous year say 2009-10,so while calculating the taxable Profit,the salary exp allowed as deduction or not.
If it is deposited C.Y but before Balance sheet approved by BOD then what should be treatment
AS PER MY OPINION
U R SAYING THAT PROFFESSIONAL TAX OF LAST IS PAID IN CURRENT YEAR
SO, IT CAN NOT BE CLAIMED AGAINST THE SALARY OF LAST YEAR
profession tax is deducted on payment basis.....if we paid on the p y we can deducted from the salary.
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