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When Tax paid comes under expenses account instead of
duties and taxes(current liabilities) ?

Question Posted / constructins


When Tax paid comes under expenses account instead of duties and taxes(current liabilities) ?..

Answer / sjha.jha

If tax is paayable by assesse for any fynancial year and
how long it is not paid will have to show in Duties & taxes
(current liabilities). After paid it will be expenses.

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