How to pass Journal Voucher Debit to Profit and Loss Account Directly

ERPNext Accounting
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1

Hello Experts,

I am stuck with a problem given to me by my CA. I am expected to pass Journal Voucher as follows:

Income Tax Payable JV to be passed for Rs 100/-

Entry is
Profit & Loss A/c Dr 100.00
To Income Tax Payable Cr 100.00

Or similar entries where we would want to reduce the amount from profit but cannot book it as an expense.

Thank you for your attention.

2

By profit & loss account, if you mean either of the income/expense account heads, then why not just debit 100₹ from the income/sales account and credit 100₹ to the tax account?

4

Create a ledger named Income Tax Expense under the head Expenses