Provision for Expenses - Allowable expenditure

Manish Kumar Agarwal , Last updated: 21 September 2011  
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We have to make provision for various expenses based on the estimates at the year end as we are following the accrual system of accounting. But the income tax department was disallowing the same on the ground that same being contingent in nature and hence not allowable. Here are s

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Manish Kumar Agarwal
(GM - TAX)
Category Income Tax   Report

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