Provision for income tax
This query is : Resolved
04 April 2014
provision for income tax is created by whom (individuals,companies,firms)? and when(at what time)?
i mean it is compulsory for all assesses.
i mean it is compulsory for all assesses.
04 April 2014
Provision for Income Tax is created by all the assessee to prepare its financial statements at the year end
05 April 2014
thank u sir ......
when provision for income-tax created and when advance tax deducted from provision for incometax
when provision for income-tax created and when advance tax deducted from provision for incometax
05 April 2014
both are different things one is the item of liability and one is asset. the same can be adjusted only after assessment of that year
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