Interested to Buy Any Domain ? << Click Here >> for more details...
Managing Director personal income tax is company exp ? in
which a/c ledger we should debit MD income tax amount ?
Property tax is exp. or liabilities ?
- 3 Answers
- 7511 Views
- ICA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / mohsin1133
Managing Director Personal Income Tax Is not company Exp.
it will be debited in Capital a/c of Director.
Property tax is liability untill it is not paid & treated
Exp when paid.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / mahesh
This is not company expeses. It sould be posted to
directory remuneeraion account. it is expenses.
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / bharathi
MANAGING DIRECTOR INCOME TAX IS NOT COMPANY EXPENSE. THE AMOUNT OF TAX TO BE DEDUCTED FROM HIS REMUNERATION UNDER SEC 192 B (TDS ON SALARY OTHER THAN GOVT. EMPLOYEES). PROPERTY TAX OF THE COMPANY TO BE TREATED AS EXPENSES IF THE TAX IS PAID ALREADY. IF IT IS DUE IT SHOULD BE ACCOUNTED IN EXPENSES AND THE SAME WILL REFLECT IN OUTSTANDING EXPENSES IN LIABILITY COLOUMN
| Is This Answer Correct ? | 1 Yes | 0 No |
how to enter annual maintenance service bill in account?
cgl2012 tier1 mein 62.50 marks they or mera naam TA wali list mein tha but mainey Auditor ko 1st prefernce choose kia tha tier2 mein maths mein 142 or english mein 104.50 marks aaye but fir bhi mera naam only list4 TA main tha or mujhey DEST typing test dena parha i want to know that agar main TA k liye typing test pass ahi kar pata to kya mujhey koi bhi post milegi. pls anybody knows tell me.
what is the differnce between income tax and tax deducted at source?
what is mean by security transaction tax? it considers how during profit calculation of shares trading.
11 Answers Eastman Chemical, ICICI, Wipro,
what is the under group of tds payable. when deducted tds on salary.
What is rate of TDS for Mainteance Charges for Office space
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
I DED TDS ON SALARY AND CONTRACTOR WHERE I DEPOSITED THIS AMOUNT WHICH PROCESS I FLOW TO FULL FILL ALL THE MANDATORY
Why Govt. Have Need of WCT.
2 Answers Novacom Digitronics, Vijai Electricals,
Is there any method not to deduct TDS on Provisons?
What is an entry for INCOME TAX REFUND ?
whaT is TDS? give the rates. Procedure for preparing the same?
Audit 
