Provision for expenses

This query is : Open

DEBENDRA SURANA (Querist)
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23 August 2016 Sir actually i made some provision for expenses on estimation basis at year end. can such provision for expenses be allowed in tax computation. i need some case laws.

Ruchi

Ruchi (Expert)
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23 August 2016 No, provisions made on any estimated basis are not allowed under IT Act.

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