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Provision for expenditure created deductible or not?

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(Querist)
30 April 2012 Hi,

If a provision is created for interest accrued but not due, is the same deductible or not while calculating profits and gains from business or profession???

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Sravani P
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CA CKP (Expert)
30 April 2012 Yes it is deductible while calculating profit & gains
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Sravani P

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Sravani P (Querist)
01 May 2012 Can u please justify your answer...
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