PROVISION FOR INCOME TAX
This query is : Resolved
RITESH KHANDELWAL
(Querist)
09 April 2009
Dear Members,
I want to know as to how to compute provision for I.T. ......... I mean is it before adjusting brought forwrd loss with the current year's income or is it after adjusting the same with Current year's income.
Thanx...
I want to know as to how to compute provision for I.T. ......... I mean is it before adjusting brought forwrd loss with the current year's income or is it after adjusting the same with Current year's income.
Thanx...
CA. B.SRINIVASULU
(Expert)
09 April 2009
After adjusting the allowable broughtforward loss from the current year profit. On the net you have to provide for provision for taxation.
CA Tilak Raj Sharma
(Expert)
09 April 2009
After adjustment.
09 April 2009
i agree with the expert
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