Accounting for Advance Tax Receivable

12manage is looking for
MBA students.


 
Finance and Investing > Forum Log in

Accounting for Advance Tax Receivable
Hijab Naqvi, Student (MBA), Pakistan, Member
If a company is exempt from tax and bank wrongly deducts tax from its bank profit and the company records that deduction as a receivable (tax asset), how would the amount of advance tax receivable be accounted for in the financial statements of the company?
Kindly advice on the correct treatment....Sign up
 

 
 


Finance and Investing

Forum
Best Practices
 



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.0 - Last updated: 19-1-2019. All names of their owners.