Income tax authorities recognize this method ___

Related MCQs

• If the provision for income tax for 2013 is Rs.30,000 and for 2014 is Rs.40,000; and income tax of Rs.25,000 is paid during the year 2014 in respect of year 2013, the amount of to be debited to the Profit and Loss Adjustment Account as “Provision for Income Tax” to find out “Funds from Operation” will be
• Income tax paid by a sole proprietor from his business income should be:
• Insurance regulation and development authorities act came into effect in
• Banks show the provision for income tax under the head
• Banks show the provision for income tax under the head ……….
• Income tax paid for the proprietor from the business is
• Bank shows the provision for income tax under the head
• Income tax is debited to ________________
• Which of the following are current assets of a business? i. Income received in advance ii. Stock iii. Debtors iv. Pre-paid expenses v. Accrued income
• Income earned but not received to known as _______________ income