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Should income tax be shown in p&l account ?? In some sums ,income tax is reduced from capital .why ??

Reetikaa R

CA Inter

★ 7K+

26-Jan-21 18:15

293

Answers (1)

Best Answer

Because it is the tax for the personal income of the owners so it should be reduced from capital of the owners its like drawings

Meda Jeevansai

CA Inter

★ 20K+

26-Jan-21 19:15

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