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 ?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19

1208


If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??

994


What are the excise duties in our state?

2033


What is cenvat credit?

1840


what is the vat rate of Saw dust powder in maharashtra

3868






what the procedure of filing mvat pls. explain in briefly ?

1772


what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?

1477


in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971

2693


th point in when will details wil get filled in ER1 2a and 2B?capg

1322


What is income tax? How is it calculated?

642


i want know central excise duty codes with cess?

2278


ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes

1665


Hi,when we pass a clearing entry of paid and unpaid tax how do we show the business area the way the business area can be seen.is there any change that i have to do in the configuration of this GL.my client wants that the business area also reflects when we post the gl.please help.

1599


What will be the planned expenditure in the budget 2009-10

1905


Define the term "Manufacturer"as introduced in finance act2010.

1674