1. Income tax paid for earlier years but not disallowed in ITR/computation which is not an allowable expenditure will be disallowed in which section of income tax?
2. Depreciation claimed for asset purchased on last day of the year and put to use on same day will be disallowed in which section of income tax ?
Menu
Section enquiry for disallowance
Replies (1)
Income Tax paid will be adjusted against provision for taxation (liability) and there is no question of disallowance
Provision for taxation a/c
To Tds ( Asset)
To Bank
Provision for taxation a/c
To Tds ( Asset)
To Bank
Recent Topics :
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
Related Topics :
CAclubindia
