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Query

Accountancy

Income tax s paid by individuals and corporation by companies,which means income tax s not paid by companies. Am I right ???


Reetikaa R

Reetikaa R

CA Inter

7K+

12-Jan-21 17:13

289

Answers (7)

Question is not so clear ..


Kishore Babu

Kishore Babu

CA Inter

8K+

12-Jan-21 17:33

Kishore Babu

Question is not so clear ..

Do companies pay income tax


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

12-Jan-21 17:35

Thread Starter

Reetikaa R

Do companies pay income tax

Yes they do pay


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

12-Jan-21 18:37

Thread Starter

Reetikaa R

Do companies pay income tax

Yes, ofcourse !


Madhaan S

Madhaan S

CA Final

14K+

12-Jan-21 18:37

CA Suraj Lakhotia Admin

Yes they do pay

Sir in this question, income tax is shown in trial balance but reduced from capital sir

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Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

12-Jan-21 18:59

CA Suraj Lakhotia Admin

Yes they do pay

Sir if I am sole proprietor, my income tax and firm 's income tax are the same ???


Thread Starter

Reetikaa R

Reetikaa R

CA Inter

7K+

12-Jan-21 19:00

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