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Meaning of provioson for tax

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(Querist)
22 March 2012 hi friends
please tell me the actual meaning of provioson for & how can i make provioson for tax
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 March 2012 Provision for tax is created on 31st March for the tax liability of the enterprise.

It is equal to the amount of Total Tax Liability of the enterprise.

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