Whether included to calculate taxable income

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2012 Provision for warranty although contingent can be allowed as deduction to calculate taxable income. whether it is true?
What is the treatment of excise duty to calculate taxable income?

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Guest (Expert)
03 May 2012 provision for warranty is not allowed as deduction in calculating taxable income

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Guest (Expert)
03 May 2012 specify the case clearly in case of excise




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