Treatment of profession tax for company and directors

286 views
User Avatar

student
32 Points Posted on 23 June 2016

Hi All,

Kindly share your views on the accounting treatment for "Profession Tax for Company and Directors"

I feel this expenditure should be debited to "Rates and Taxes" as there is no deduction from the directors salary for this amount.

 

Am i right in my view?

 

Thanks in advance

Pranav

0 Reply Share Follow Topic
On 23 June 2016 at 18:13 Report
Replies (1)
User Avatar

Management Consultant
102 Points Posted on 23 June 2016
it should be the part of perquisites of director's salary, as the amount paid on behalf of director.
Reply
On 23 June 2016 at 18:34

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. “Income Tax Implications of Company-Related
  2. Advice needed: Hypothetical case of non-filing of
  3. Demand Raised for Cess Amount Despite Section 89 R
  4. WRONG BILL NO FILED IN GST R1
  5. Addtional trade name for my another firm
  6. Commission / Agency Business without books: REAL E
  7. Difference between AIS and 26AS data.
  8. Applicability of FCRA to Article Processing Fees (
  9. GST Return
  10. Practical queries on buy back of shares

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details