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 ?
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Answer Posted / 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.
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Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar
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