TaxTMI 
TaxTMI 
Just i want to know Excise 7.5 % duty paid from us for appeal so where i can show in accounts
means under which head
Excise 7.5 % predeposit for appeal
15 Apr 2015 
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Excise pre-deposit accounting: classify appeal pre-deposits as a pre-deposit asset within current assets.
The amount paid as a pre-deposit for an excise appeal should be recorded in a Pre-deposit Account and classified within Current Assets, presenting the payment as an asset pending the outcome of appellate proceedings rather than as an expense. (AI Summary)
The amount paid as a pre-deposit for an excise appeal should be recorded in a Pre-deposit Account and classified within Current Assets, presenting the payment as an asset pending the outcome of appellate proceedings rather than as an expense. (AI Summary)
