22 June 2012
dear freinds, my client have high court stay on levy of entry tax in madhya pradesh.According to entry tax rules entry tax amt not shown in invoice sothat my client issue entry tax paid bill and make provision according to to return submit to sales tax dept.but not pay tax until high court order will rec. whether provision of entry tax deductible for income tax computation
As far i can understand your querry, you can make provision in accounts and apply section 43B for computation of IT Computation.Thereby adding back the provision and claiming in IT on payment.
CAclubindia
