provison for income tax

Following is the Journal Entry to be passed

Income Tax paid A/c           Dr.             XXX

(grouped under the head Indirect Expense)      XXX

    To Income Tax Payable A/c        

(Being Income Tax Provision made for A.Y _____)

Note : But the Income Tax expense will be disallowed while computing the Income from business.

Regards,
Devendra K

Originally posted by : Devendra
	Following is the Journal Entry to be passed Income Tax paid A/c           Dr.             XXX (grouped under the head Indirect Expense)      XXX     To Income Tax Payable A/c         (Being Income Tax Provision made for A.Y _____)   Note : But the Income Tax expense will be disallowed while computing the Income from business. Regards, Devendra K

agreed