Provision for expenditure created deductible or not?

This query is : Resolved 

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???

Thanks & Regards
Sravani P

30 April 2012 Yes it is deductible while calculating profit & gains

01 May 2012 Can u please justify your answer...




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries